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Silicon Valley Lidar Startup Aeva Inc. Agrees to go Public in a SPAC Deal That Will Value the Company at $2.1 Billion

Silicon Valley Lidar Startup Aeva Inc. Agrees to go Public in a SPAC Deal That Will Value the Company at $2.1 Billion

Silicon Valley lidar startup Aeva Inc said on Monday it has agreed to go public through a merger with special purpose acquisition company (SPAC) InterPrivate Acquisition Corp. The reverse merger deal will make Aeva the third lidar company seeking and IPO through a deal with a SPAC. The newly combined company will have an implied pro forma equity value of approximately $2.1 billion.

FutureCar Staff 2020-11-02 17:00 PT

Self-Driving Startup Aurora Debuts its New Long-Range Lidar Called 'FirstLight'

Self-Driving Startup Aurora Debuts its New Long-Range Lidar Called 'FirstLight'

Self-driving technology startup Aurora announced today its new in-house developed lidar system for its driverless vehicles. The lidar sensor is called "FirstLight" and it can see and track objects more quickly and from further away than other lidar sensors.

Eric Walz2020-07-08 16:00 PT

BMW i-Ventures Invests in Blackmore Sensors and Analytics for LiDAR Technology

BMW i-Ventures Invests in Blackmore Sensors and Analytics for LiDAR Technology

Blackmore Sensors and Analytics, Inc., a developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry, announced today that it has raised $18 million in a Series B funding round led by BMW i Ventures, the venture capital arm of BMW.

Eric Walz2018-03-20 12:06 PT