12/17/2023 0 Comments Luminar self driving![]() ![]() ![]() Founded in 2012, Luminar employs approximately 400 with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. Additional customer wins include SAIC, Daimler Truck AG, Intel’s Mobileye, Pony.ai and Airbus UpNext. In 2020, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, which now expects to make Luminar’s technology part of the standard safety package on their next generation electric SUV. Luminar has rapidly gained over 50 industry partners, including the majority of the global automotive OEMs. (Nasdaq: LAZR) is transforming automotive safety and autonomy by delivering lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. “Luminar is pioneering a unique, scalable solution that complements the NVIDIA DRIVE Hyperion platform.” “Our collaboration with Luminar bolsters the DRIVE ecosystem of companies that are focused on building best-in-class technologies for enabling autonomous driving functionalities,” said Gary Hicok, Senior Vice President of Engineering, NVIDIA. By taking advantage of our respective strengths, automakers have access to the most advanced autonomous vehicle development platform.” “The common thread between our two companies is that our technologies are becoming the de facto solution for major automakers to enable next-generation safety and autonomy. “NVIDIA has led the modern compute revolution, and the industry sees them as doing the same with autonomous driving,” said Austin Russell, Founder and CEO of Luminar. Iris’ custom lidar architecture is designed to meet the most stringent performance, safety and automotive-grade requirements to enable next-generation safety as well as assisted and autonomous driving on production vehicles. This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024.īy offering automakers a qualified, complete sensor suite featuring Luminar’s lidar solution, on top of NVIDIA’s centralized high-performance compute and AI software, DRIVE Hyperion provides everything needed to develop production autonomous vehicles.ĭRIVE Hyperion will utilize one forward-facing long-range Luminar Iris lidar in its Level 3 highway driving configuration. See our analysis below of how Luminar compares to Velodyne, a company that has focused on lidar for lower volume applications.ORLANDO, Fla.-( BUSINESS WIRE)-Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, announced today at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. The stock also remains one of the few pure-play options in the self-driving market. Although none of these developments directly impact Luminar, the company is seen as a technology leader for lidar in mass-market vehicles and does stand to benefit as EVs and self-driving vehicles continue to gain traction. Apple is also rumored to be developing its own electric car, and there have been reports that it held meetings with EV startup Canoo (NASDAQ: GOEV) in this regard. ![]() ![]() Separately, Chinese e-commerce titan Alibaba unveiled an electric sedan under a new brand in collaboration with state-owned SAIC Motor. For instance, there is increasing enthusiasm surrounding legacy automaker General Motors’ EV plans, as the company formed a new business unit to sell electric vans and also saw Microsoft make an investment into Cruise, its autonomous-car division. While there hasn’t been too much news specific to the company in recent weeks, the electric vehicle industry, which is leading the self-driving revolution, has seen a lot of buzz. Luminar Technologies (NASDAQ: LAZR), a company that specializes in lidar technology used in self-driving vehicles, has seen its stock rally by about 15% since early January. ![]()
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