ROVR Network Raises $2.6M Seed Round Co-Led by Borderless Capital and GEODNET
Santa Clara, USA, California, April 29th, 2025, Chainwire
Blockchain-Based Decentralized HD Mapping Platform Launches Lidar-Powered DePIN Device and Prepares for $ROVR Token Launch
ROVR Network, the blockchain-native platform pioneering decentralized high-definition 3D mapping, today announced the close of its $2.6 million seed funding round, co-led by Borderless Capital and GEODNET, with additional participation from additional angel investors and IoTeX.
ROVR, short for Robotically Operated Vehicle Research, is building the world’s first decentralized 3D mapping protocol, delivering real-time, regulatory-compliant geospatial data for the autonomous vehicle industry and research in Spatial AI. This funding will accelerate global operations, hardware deployment, and community-powered data collection.
ROVR is the first Decentralized Physical Infrastructure Network (DePIN) to combine LiDAR and Real-Time Kinematic (RTK) positioning to achieve centimeter-accurate, street-level mapping. This breakthrough enables a scalable, open-source alternative to proprietary HD maps used in self-driving vehicles.
“ROVR is finally building the kind of high-definition map that automakers have been waiting for to power their driverless systems,” said Alvaro Gracia, Partner at Borderless Capital. “The immediate utility of this data—collected by a community using cutting-edge LiDAR—creates a strong use case. The partnership between ROVR and GEODNET represents a major win for both Borderless portfolio projects.”
Global Expansion and Silicon Valley Hub
ROVR has expanded its team across North America, Asia, and Europe, reinforcing its vision of a borderless, decentralized mapping network. The company has also opened a new Silicon Valley office, which will serve as a key hub for partnership development, research, and operations.
“This round is more than just funding—it’s validation,” said Guang Ling, Founder of ROVR Network. “Our vision of an open, decentralized, and high-precision 3D mapping network is becoming a reality. We’re thrilled to have the support of co-leads Borderless and GEODNET.”
“With the synergy between GEODNET’s RTK infrastructure and ROVR’s decentralized 3D mapping protocol, we are jointly building a geospatial dataset that is both global and future-proof,” said Mike Horton, Creator of GEODNET. “We are also excited to announce that ROVR will co-locate its new Silicon Valley office with GEODNET’s, ensuring maximum protocol alignment and collaboration.”
$ROVR Token Launch Set for Early May
ROVR Network has announced that the $ROVR Token Generation Event (TGE) has occurred concurrently with this announcement, ahead of the original schedule. The $ROVR token will serve as the backbone of the platform’s contributor incentives and decentralized data economy.
The token is now live on Solana with the following smart contract address: FgQ3sxj54SmVzttkxuK4bdiEnUNi6kF9Hyx3ezKW72hn
As part of ROVR’s deflationary tokenomics model, all data sales will trigger a burn mechanism, reducing the supply of both ROVR and GEOD tokens in proportion to ecosystem activity. Full details are available here: https://rovr-network.gitbook.io/rovr-docs/rovr-tokenomics/rovr-tokenomics
About ROVR Network
ROVR Network is a blockchain-native geospatial infrastructure protocol that enables real-time, decentralized 3D mapping using LiDAR, camera, and RTK-GNSS technology. Designed to power the future of autonomous systems and spatial AI, ROVR transforms geospatial data collection into an open platform built on blockchain and incentivized through token rewards.
Website: https://rovr.network
