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Arbe Robotics raises USD 30 million in convertible debenture offering
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Jun 6, 2024
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Jun 6, 2024

Arbe Robotics raises USD 30 million in convertible debenture offering

Funding

  • Arbe Robotics, an Israel-based real-time 4D imaging radar software developer, has secured around USD 30 million via the issuance of convertible debentures. The debentures were listed and started trading on the Tel Aviv Stock Exchange (TASE) and Nasdaq Exchange on June 6, 2024.

  • The funds received from this issuance are currently held in escrow and will be provided to Arbe contingent on achieving two specific milestones by March 31, 2025. One condition requires Arbe to become the exclusive supplier of imaging radar chips to one of 10 significant automobile manufacturers, and the other is related to reaching certain trading volumes and prices on Nasdaq and TASE, as defined in the agreement.

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