<SEC-DOCUMENT>0001415889-25-004215.txt : 20250214
<SEC-HEADER>0001415889-25-004215.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214174807
ACCESSION NUMBER:		0001415889-25-004215
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hesai Group
		CENTRAL INDEX KEY:			0001861737
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94336
		FILM NUMBER:		25631420

	BUSINESS ADDRESS:	
		STREET 1:		1588 ZHUGUANG ROAD
		STREET 2:		9TH FLOOR, BUILDING L2-B
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201702
		BUSINESS PHONE:		86 21 31588240

	MAIL ADDRESS:	
		STREET 1:		1588 ZHUGUANG ROAD
		STREET 2:		9TH FLOOR, BUILDING L2-B
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201702

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lightspeed Opportunity Fund, L.P.
		CENTRAL INDEX KEY:			0001780948
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		2200 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 234-8300

	MAIL ADDRESS:	
		STREET 1:		2200 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
	    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001780948</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>





    </filerInfo>
  </headerData>

  <formData>
    <coverPageHeader>
	      <securitiesClassTitle>Class B ordinary shares, par value US$0.0001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001861737</issuerCik>        <issuerName>Hesai Group</issuerName>        <issuerCusip>428050108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>9th Floor, Building L2-B</com:street1>
          <com:street2>1588 Zhuguang Road, Qingpu District</com:street2>          <com:city>Shanghai</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>201702</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>

	        <designateRulesPursuantThisScheduleFiled>
	           <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
						      </designateRulesPursuantThisScheduleFiled>

    </coverPageHeader>

	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>Lightspeed Opportunity Fund, L.P.</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>E9</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8000000.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8000000.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>8.2</classPercent>





	        <typeOfReportingPerson>PN</typeOfReportingPerson>









    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>Lightspeed General Partner Opportunity Fund, L.P.</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>E9</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8000000.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8000000.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>8.2</classPercent>





	        <typeOfReportingPerson>PN</typeOfReportingPerson>









    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>Lightspeed Ultimate General Partner Opportunity Fund, Ltd.</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>E9</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8000000.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8000000.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>8.2</classPercent>











	        <typeOfReportingPerson>OO</typeOfReportingPerson>



    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>Arif  Janmohamed</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>X1</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8000000.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8000000.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>8.2</classPercent>










	        <typeOfReportingPerson>IN</typeOfReportingPerson>




    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>Ravi Mhatre</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>X1</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8000000.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8000000.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>8.2</classPercent>










	        <typeOfReportingPerson>IN</typeOfReportingPerson>




    </coverPageHeaderReportingPersonDetails>

    <items>
      <item1>
        <issuerName>Hesai Group</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>9th Floor, Building L2-B, 1588 Zhuguang Road, Qingpu District, Shanghai, F4, 201702.</issuerPrincipalExecutiveOfficeAddress>
      </item1>

      <item2>
        <filingPersonName>The names of the persons filing this report (collectively, the "Reporting Persons") are:

Lightspeed Opportunity Fund, L.P. ("Opportunity")
Lightspeed General Partner Opportunity Fund, L.P. ("LGP")
Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP")
Arif Janmohamed ("Janmohamed")
Ravi Mhatre ("Mhatre")

The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.</filingPersonName>        <principalBusinessOfficeOrResidenceAddress>c/o Lightspeed Venture Partners
2200 Sand Hill Road
Menlo Park, CA 94025</principalBusinessOfficeOrResidenceAddress>        <citizenship>Opportunity		Cayman Islands
LGP				Cayman Islands
LUGP 			Cayman Islands
Janmohamed		United States
Mhatre 			United States</citizenship>      </item2>

        <item3>
		        <notApplicableFlag>Y</notApplicableFlag>

      </item3>



    <item4>
    <amountBeneficiallyOwned>There is no CUSIP number assigned to the Class B ordinary shares. CUSIP number 428050108 has been assigned to the American Depositary Shares ("ADSs") of the Issuer. Each ADS represents one Class B ordinary share.

Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of the Issuer beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference.

Opportunity directly holds 8,000,000 ADS of the Issuer, representing an aggregate of 8,000,000 Class B ordinary shares.

LGP is the general partner of Opportunity and LUGP is the general partner of LGP.  Each of Janmohamed and Mhatre is a director of LUGP. Each of LGP, LUGP, Janmohamed and Mhatre possesses power to direct the voting and disposition of the securities held by Opportunity.  </amountBeneficiallyOwned>    <classPercent>Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentage of the Issuer's Class B ordinary shares beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference. The percentage set forth in each row 11 is based upon a total of 96,995,110 Class B ordinary shares outstanding as of December 31, 2023, as reported in the Issuer's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2024.</classPercent>
      <numberOfSharesPersonHas>
        <solePowerOrDirectToVote>Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference.</solePowerOrDirectToVote>
        <sharedPowerOrDirectToVote>Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference.</sharedPowerOrDirectToVote>
        <solePowerOrDirectToDispose>Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference.</solePowerOrDirectToDispose>
        <sharedPowerOrDirectToDispose>Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of December 31, 2024 and is incorporated by reference.</sharedPowerOrDirectToDispose>
      </numberOfSharesPersonHas>
    </item4>


        <item5>
	          <notApplicableFlag>Y</notApplicableFlag>


    </item5>


        <item6>
	  	  <notApplicableFlag>Y</notApplicableFlag>
		        </item6>


        <item7>
	  	  <notApplicableFlag>Y</notApplicableFlag>


    </item7>


          <item8>
                <notApplicableFlag>Y</notApplicableFlag>

              </item8>


            <item9>
                <notApplicableFlag>Y</notApplicableFlag>
                      </item9>


      <item10>
                    <notApplicableFlag>Y</notApplicableFlag>

      </item10>
    </items>

		<exhibitInfo>Exhibit 99.1	Joint Filing Agreement</exhibitInfo>

	    <signatureInformation>
      <reportingPersonName>Lightspeed Opportunity Fund, L.P.</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Ravi Mhatre</signature>
        <title>See Note 1</title>
        <date>02/14/2025</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Lightspeed General Partner Opportunity Fund, L.P.</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Ravi Mhatre</signature>
        <title>By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Duly Authorized Signatory</title>
        <date>02/14/2025</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Lightspeed Ultimate General Partner Opportunity Fund, Ltd.</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Ravi Mhatre</signature>
        <title>By Ravi Mhatre, Duly Authorized Signatory</title>
        <date>02/14/2025</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Arif  Janmohamed</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Arif Janmohamed</signature>
        <title>Arif Janmohamed</title>
        <date>02/14/2025</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Ravi Mhatre</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Ravi Mhatre</signature>
        <title>Ravi Mhatre</title>
        <date>02/14/2025</date>
      </signatureDetails>

    </signatureInformation>


	 <signatureComments>Note 1:  By Lightspeed General Partner Opportunity Fund, L.P., its General Partner, By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Duly Authorized Signatory

</signatureComments>
  </formData>


    </edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex-99-02142025_100205.htm
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex-99-02142025_100205.htm</title></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin:0px" align="center"><br></p>
<p style="margin-top:0px; margin-bottom:16px; padding-left:36px" align="center">EXHIBIT 99.1</p>
<p style="margin-top:0px; margin-bottom:16px; padding-left:36px" align="center">JOINT FILING AGREEMENT</p>
<p style="margin:0px">We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Class B ordinary shares of Hesai Group is filed on behalf of each of us.</p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:16px">Dated: February 14, 2025</p>
<p style="margin:0px"><b>Lightspeed Opportunity Fund, L.P.</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By: </p>
<p style="margin:0px; text-indent:-2px">Lightspeed General Partner Opportunity Fund, L.P.</p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; clear:left; float:left">its </p>
<p style="margin:0px; text-indent:-2px">General Partner </p>
<p style="margin:0px; clear:left"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By: </p>
<p style="margin:0px; text-indent:-2px">Lightspeed Ultimate General Partner Opportunity Fund, Ltd.</p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; clear:left; float:left">its </p>
<p style="margin:0px; text-indent:-2px">General Partner </p>
<p style="margin:0px; clear:left"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By:</p>
<p style="margin:0px; text-indent:-2px"><u>/s/ Ravi Mhatre</u></p>
<p style="margin:0px; text-indent:30px; clear:left">Name: Ravi Mhatre</p>
<p style="margin:0px; text-indent:30px">Title: Duly Authorized Signatory</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><b>Lightspeed General Partner Opportunity Fund, L.P.</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By: </p>
<p style="margin:0px; text-indent:-2px">Lightspeed Ultimate General Partner Opportunity Fund, Ltd.</p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; clear:left; float:left">its </p>
<p style="margin:0px; text-indent:-2px">General Partner </p>
<p style="margin:0px; clear:left"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By:</p>
<p style="margin:0px; text-indent:-2px"><u>/s/ Ravi Mhatre</u></p>
<p style="margin:0px; text-indent:48px; clear:left">Name: Ravi Mhatre</p>
<p style="margin:0px; text-indent:48px">Title: Duly Authorized Signatory</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><b>Lightspeed Ultimate General Partner Opportunity Fund, Ltd.</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; float:left">By:</p>
<p style="margin:0px; text-indent:-2px"><u>/s/ Ravi Mhatre</u></p>
<p style="margin:0px; text-indent:48px; clear:left">Name: Ravi Mhatre</p>
<p style="margin:0px; text-indent:48px">Title: Duly Authorized Signatory</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><u>/s/ Arif Janmohamed </u></p>
<p style="margin:0px">Arif Janmohamed</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><u>/s/ Ravi Mhatre </u></p>
<p style="margin:0px">Ravi Mhatre</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
