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Stuttgart, Germany/ Palo Alto, CA, U.S. Today, Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, and the worlds largest commercial vehicle manufacturer, Daimler Truck AG, announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of Daimler Trucks Autonomous Technology Group, with the experts at Luminar will work closely together in order to enhance lidar sensing, perception, and system-level performance for Daimler trucks moving at highway speeds. To strengthen the partnership, Daimler Trucks has acquired a minority stake in Luminar.
Stuttgart, Germany/ Palo Alto, CA, U.S. Today, Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, and the worlds largest commercial vehicle manufacturer, Daimler Truck AG, announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of Daimler Trucks Autonomous Technology Group, with the experts at Luminar will work closely together in order to enhance lidar sensing, perception, and system-level performance for Daimler trucks moving at highway speeds.
In January 2020, Nissan and Luminar, Inc. announced a partnership to bring the industrys leading automotive lidar chip to the mass market. With the help of Nissan, Luminar will offer the most complete and portable real-time Light Detection and Ranging (LiDAR) solution on the market. The new chip, optimized to operate in extreme environments, will enable the next-generation of autonomous vehicles to see more accurately and interact with their environment in ways never before possible. With the unveiling of the new lidar solution during the Consumer Electronics Show, Luminar looks to break the automotive lidar market into the mass consumer market.
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Luminar has developed a new software solution called Iris, built on top of its LiDAR platform, that can be deployed on any LiDAR-enabled vehicle. With Iris, vehicles can perceive their environment for a high-speed approach and lane change. From a long-distance forward-facing camera or stereo camera, it can also compute a bird’s eye view of the environment. From the Iris platform and the LiDARs full function, the technology allows the vehicle to carry out these tasks with absolute precision at speeds up to 150 mph, and at a level of detail similar to the human eye.
Luminar is partnering with industrial companies like ASL Reality, IRISense and Quanergy to deploy Iris in commercial and consumer vehicles, and will continue to license the technology to other OEMs in the coming months.
In its self-driving program, Luminar has partnered with over 60 auto OEMs, such as Honda, Toyota, NuTonomy, GM Cruise, GM Cruise, Renault and BMW, and over 120 suppliers of automotive sensors, e.g., Bosch, Ford and Delphi.
There is a nice feature where you can choose from a wide range of different background options and you can create some real solid wallpapers with it. Luminar also provides a lot of different filters. By default it has a whole bunch of default filters that can be used on your images but you can also download more filters from the internet to use. A great thing about the filters is that you can also create your own. For example you can create filters that add more stars to your photos, add a sunray filter or even one that can add a stylized smoke effect.
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This milestone is pivotal not just for us, but also for the larger automotive industry, said Austin Russell, Founder and CEO of Luminar. Eight years ago, we took on a problem to which most thought there would be no technically or commercially viable solution. We worked relentlessly to build the tech from the ground up to solve it and partnered directly with the leading global automakers to show the world whats possible. Today, we are making our next industry leap through our new long-term partnership with Gores Metropoulos, a team that has deep experience in technology and automotive and shares our vision of a safe autonomous future powered by Luminar.
The combined company will have an implied pro forma enterprise value of approximately $2.9 billion and an equity value of approximately $3.4 billion at closing. After giving effect to any redemptions by the public stockholders of Gores Metropoulos, the balance of approximately $400 million cash held in Gores Metropoulos, together with the $170 million in immediate financing proceeds, will remain in the company and a portion will be used to pay transaction expenses. As part of the transaction, Luminars stockholders will receive approximately 271.8 million shares of Gores Metropoulos common stock at closing. The $170 million investment made directly into Luminar is led by institutional investors including Alec Gores, Van Tuyl Companies, Peter Thiel, Volvo Cars Tech Fund, Crescent Cove, Moore Strategic Ventures, Nick & Jill Woodman and VectoIQ, with the majority of the major existing investors participating. Net transaction proceeds will remain in the company and support continued growth across key verticals as Luminar executes on significant production and development opportunities.
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Luminar Neo 126.96.36.19904 System Requirements
- Operating Systems: Windows 7/Vista/XP/2000/
- CPU: Pentium 4 3.4 GHz or later
- RAM: 2 GB or better
- GPU: nVidia G98, GeForce 4 or higher
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