ARBE raises up to USD49m
Arbe Robotics Ltd., a pioneer in 4D imaging radar technology for autonomous vehicles, has successfully completed a public offering on NASDAQ, raising up to USD 49 million.
The transaction includes an initial capital infusion of USD 15 million, with an additional USD 34 million contingent upon the exercise of associated warrants.
The funds will propel Arbe’s development and production of high-resolution radar chipsets, enhancing safety and performance in autonomous driving systems. This achievement underscores investor confidence in Arbe’s innovative solutions and its potential to lead the automotive radar market.
Arbe Robotics was represented by Ellenoff Grossman & Schole, with Erdinast, Ben Nathan, Toledano’s acting as Israeli counsel, with a legal team, comprising partners Shay Dayan and Lior Etgar, together with attorneys Bar Fenster and Shmaryahu Green.
Mintz represented the underwriters.
