Luminar Technologies has partnered with Celestica Inc. and Fabrinet to advance LIDAR hardware and software. // Photo courtesy of Luminar
Luminar Technologies Inc., a global leader in automotive LIDAR hardware and software technology that has an office in Detroit, has announced that Celestica Inc., a leader in design, manufacturing, and supply chain solutions, and Fabrinet, a provider of advanced precision optical and electronic manufacturing services, have each partnered with Luminar to deliver Iris in series production.
Luminar is an autonomous vehicle sensor and software company that provides LIDAR and associated software that meets the auto industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including eight of the top 10 global automakers.
Toyota-backed self-driving car Pony.ai ties up with Luminar
May 15, 2021
Self–driving tech company Pony.ai, backed by Toyota Motor Corp, said on Monday its next-generation technology for robotaxis will be using lidars made by Luminar Technologies, Inc.
Lidars are laser-based sensors that are a key component to many autonomous vehicle technologies and help them perceive the environment around the cars.
James Peng, Pony.ai CEO said the startup chose Luminar‘s Iris lidar for its performance but also as it can be integrated into the car better than traditional lidars.
“It’s actually starting to blur the line between what you see as a very well designed passenger vehicle and the monstrosities that have been on top of some of the AV test vehicles,” said Austin Russell, founder and CEO of Luminar.
Author Bio
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
What happened
Shares of
Luminar Technologies (NASDAQ:LAZR) shot higher by as much as 10% today after the company reported first-quarter earnings. Luminar also said that it has started production at two manufacturing-partner facilities.
So what
Revenue in the first quarter was $5.3 million, which was in line with analyst expectations. That resulted in an adjusted net loss of $27 million, or $0.08 per share, slightly worse than the $0.06 per share in adjusted losses that Wall Street was forecasting. The automotive lidar company has partnered with
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