The Swedish carmaker has selected Luminar to equip its self-driving cars with lidar.
Some background: Lidar is the sensing tech of choice for most self-driving cars, which use it to scan the road ahead and surrounding environment. Austin Russell, one of our 35 Innovators under 35 in 2017, founded Luminar to bring down lidar cost and assembly time to make it more accessible. It has managed to reduce the cost of the receiver, a crucial component of the system, from tens of thousands to just $3.
Bringing lidar to consumers: Volvo, which is also investing a “substantial” amount in Luminar, is the company’s second large automotive partner, after Toyota. But it’s the first to use not just Luminar’s sensors, but also its software that automatically annotates lidar images to identify objects.
Why it matters: It could be a big boost for Luminar, which is working to compete against high-end lidar sensor stalwarts, like Velodyne.
Some background: Lidar is the sensing tech of choice for most self-driving cars, which use it to scan the road ahead and surrounding environment. Austin Russell, one of our 35 Innovators under 35 in 2017, founded Luminar to bring down lidar cost and assembly time to make it more accessible. It has managed to reduce the cost of the receiver, a crucial component of the system, from tens of thousands to just $3.
Bringing lidar to consumers: Volvo, which is also investing a “substantial” amount in Luminar, is the company’s second large automotive partner, after Toyota. But it’s the first to use not just Luminar’s sensors, but also its software that automatically annotates lidar images to identify objects.
Why it matters: It could be a big boost for Luminar, which is working to compete against high-end lidar sensor stalwarts, like Velodyne.
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