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
Silicon Valley-based lidar company Velodyne Lidar Inc. was one of the first companies to supply lidar to developers of autonomous vehicles and today the company announced it will supply its lidar to China’s Baidu, a company that’s often referred to as the “Google of China.” Velodyne announced a three-year sales agreement with Baidu for its Alpha Prime lidar sensors for autonomous driving applications.
Eric Walz2020-10-12 12:45 PT
San Jose California-based lidar company Velodyne Lidar Inc. is becoming a public company in a reverse merger agreement with Graf Industrial Corp. (GRAF), a special special purpose acquisition company. As part of the reverse merger agreement, GRAF will be renamed "Velodyne Lidar, Inc." and will remain listed on the New York Stock Exchange under the new ticker symbol VLDR.
Eric Walz2020-07-02 14:15 PT
Silicon Valley-based Velodyne Lidar Inc. announced it successfully won a patent challenge from newcomer Quanergy, one of many lidar startups looking for a foothold in the growing lidar market for autonomous vehicles.
Eric Walz2019-05-28 15:24 PT
One of the most important pieces of hardware for self-driving vehicles is lidar and two emerging lidar startups announced this week they raised millions in new funding to supply the technology. Israeli startup Innoviz Technologies said on Tuesday it raised $132 million, bringing its total funding to $214 million, while San Francisco-based Ouster said on Monday it raised $60 million.
Eric Walz2019-03-26 19:07 PT
In a blog post today, Waymo shared details about its new advanced lidar sensor, which it calls the “Laser Bear Honeycomb”. Waymo says its lidar provides best in class performance. Waymo said it will sell the sensors to other select companies outside of the self-driving car industry, beginning with robotics, security and agricultural technology.
Eric Walz2019-03-06 17:00 PT
A new report suggests trouble is brewing at silicon valley startup Quanergy systems Inc., a company developing solid state lidar for autonomous cars, Bloomberg has reported. Quanergy was one of the first self-driving tech unicorns—reaching a $1.5 billion valuation in 2016.
Jeremy Carlton2018-08-13 16:10 PT
Cepton Technologies, Inc., a Silicon Valley-based provider of 3D LIDAR solutions for automotive and mapping applications, today announced it will provide Koito Manufacturing Co., Ltd. a global tier-one supplier of exterior automotive lighting, with its miniaturized LIDAR solution for autonomous driving.
Eric Walz2018-07-27 17:29 PT
Voyage, a Silicon Valley startup working on a driverless taxi service, has announced a partnership with car rental company Enterprise, to scale a new fleet of self-driving Chrysler Pacifica minivans for its robo taxi service it plans to roll out in communities across the U.S.
Eric Walz2018-06-14 14:55 PT
Renovo, a mobility software technology company, and Velodyne LiDAR, a leading supplier of 3D vision systems for autonomous vehicles, today announced that the companies are partnering to include Velodyne LiDAR as the preferred sensor provider for AWare powered highly automated vehicles and a form key part of Renovo’s reference configuration.
Eric Walz2017-11-14 11:12 PT
Baidu Inc. announced updates to its open Apollo autonomous driving platform yesterday during a special event held at the company’s Silicon Valley headquarters. The event was Baidu’s first ever Apollo meetup held outside of China.
Eric Walz2017-10-26 17:51 PT
Having built an impressive lead in artificial intelligence, with new research facilities opened by Google, Microsoft and Uber, Canada is ready to do the same for self-driving cars — specifically the LiDAR technology that allows self-driving cars to see down the road.
Eric Walz2017-10-20 18:23 PT
Oct 10th, 2017 News of the Day
Lydia2017-10-10 15:20 PT
After announcing a new $65 million funding round today, Futurecar spoke with Innoviz CEO and co-founder Omar Keilaf and asked him some questions about the recent events, the company’s future plans, and its high-tech LiDAR technology.
Eric Walz2017-09-07 18:58 PT
Internet search giant Google made its Android operating system the world’s most popular operating system by keeping it open. Now, Chinese Internet company Baidu is doing the same thing with its self-driving car software named Apollo.
Eric Walz2017-08-14 17:44 PT
Autoliv, Inc. (NYSE: ALV), a worldwide leader in automotive safety systems, has signed an agreement with Velodyne LiDAR, Inc., the leading supplier of LiDAR technology, to commercialize LiDAR, a critical sensor for autonomous cars.
Eric Walz2017-07-06 11:27 PT
The automotive industry has a heavy interest in Lidar, with OEM's and suppliers racing to employ new, non-mechanical technologies for mass production of self-driving cars.
Eric Walz2017-05-19 15:51 PT
Voyage Auto Inc., a Silicon Valley based start-up which hopes to launch an autonomous taxi service soon, is getting ready to begin testing its first autonomous car. The company’s lofty goal is to launch its service with zero reliance on a safety driver. Voyage Auto’s first ever self-driving test car is almost ready for the road.
Eric Walz2017-05-04 17:52 PT
Luminar, a Silicon Valley start-up has developed an improved Lidar for self-driving cars and announced that production will begin soon. Some features of this system are highlighted.
Eric Walz2017-04-13 15:25 PT
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