Luminar has a deal with Volvo, owned by Chinese carmaker Geely, to supply lidar units for consumer vehicles with production starting in 2022. How much a company is worth is typically. #Luminar tech softwareVelodyne Lidar Inc became public in September after such a merger, and Aeva Inc said last month it plans to become public via a merger with InterPrivate Acquisition Corp.Īll three are vying to supply carmakers with a sensor that could help them add autonomus driving features. Interactive chart of historical net worth (market cap) for Luminar Technologies (LAZR) over the last 10 years. Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North. Lumiar is one of three lidar makers to choose the SPAC route to public markets. Luminar Technologies is an autonomous vehicle sensor and software company developing LiDAR systems for autonomous vehicles. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. It became public through a merger with Gores Metropoulos Inc, a special purpose acqusition company, or SPAC, a shell company that uses proceeds from an IPO to acquire a private company, typically within two years.įor companies such as Lumiar, which raised $590 million from the merger, SPACs have become an alternative path to public markets instead of a traditional IPO. Luminar Technologies headquarters and office locations. Luminar makes a lidar sensor, which helps gives vehicles a three-dimensional view of the road. It develops vision-based lidar sensors and machine perception for self-driving cars. Luminar Technologies Inc started trading as a public company on Thursday, under the ticker symbol LAZR, marking the second Silicon Valley firm to go public while working to deliver a key sensor for self-driving cars. Luminar Technologies Partners 50 May, 2020 Market Capitalization 3.2 B Company summary Overview Luminar is a provider of technology solutions for the automotive sector.
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