Luminar Technologies
Luminar Technologies, founded in 2012, is a Nasdaq-listed company (LAZR) specializing in high-performance lidar technology and autonomous vehicle solutions. The company partners with major automotive OEMs and has integrated its technology into vehicles from Volvo, SAIC Motor, and Polestar.
History of Luminar Technologies
Luminar Technologies was founded in 2012. Over the years, the company has grown to become a significant player in the automotive technology sector. It is listed on Nasdaq under the ticker symbol LAZR. Luminar Technologies has strategic goals to save 100 million lives and 100 trillion hours over the next 100 years, emphasizing its dedication to innovation and safety in the automotive industry.
Luminar Technologies' Partnerships
Luminar Technologies has over 50 commercial partners, including major global automotive OEMs. Significant partnerships include collaborations with Volvo, SAIC Motor, and Polestar for vehicle integration. The company has started production with SAIC’s Rising Auto and announced a broad deal with Mercedes-Benz for next-generation production vehicle lines. These partnerships highlight Luminar Technologies' role in advancing automotive technology.
Luminar Technologies' Products
Luminar Technologies offers advanced lidar technology. Its Iris lidar is a high-performance, long-range sensor built from the chip-up, providing precise three-dimensional sight in all lighting conditions, including blinding light and at night. The Sentinel™ platform integrates lidar, perception software, HD mapping technology, and control and planning software, offering flexibility and scalability for automakers. It includes continuously updating HD maps, ensuring up-to-date navigation and situational awareness.
Luminar Technologies' Vehicle Integrations
Luminar Technologies' lidar technology is integrated into the roofline of vehicles like the Volvo EX90 and Polestar 3. This integration enables proactive collision avoidance at both low and high speeds. Lidar technology from Luminar can detect dark objects at night up to 300 meters away and provides up to 300 points per square degree, contributing to enhanced vehicle safety and autonomous driving capabilities.
Acquisitions and New Initiatives by Luminar Technologies
Luminar Technologies has acquired Silicon Valley-based Civil Maps to launch a new HD 3D mapping software platform. Additionally, it has launched an insurance program in partnership with Swiss Re, further expanding its service offerings. These initiatives reflect the company's commitment to broadening its technological capabilities and market reach.