Backed by Porsche SE, Aeva has signed a sensor-system deal with Volkswagen VWAGY and announced a partnership with German-based auto firm ZF Friedrichshafen AG for the supply of 4D LIDAR, based on the frequency-modulated continuous wave technology.Ĭalifornia-based Velodyne began trading on NASDAQ from Sep 30, 2020, after completing its SPAC merger with Graf Industrial Corporation. The merger is set to close in first-quarter 2021, post which Aeva will be listed in NYSE under the ticker symbol ‘AEVA’.
Innoviz’s top-tier strategic partners and clients include Magna International, BMW AG and Aptiv PLC.Ĭalifornia-based LIDAR firm Aeva will be merging with InterPrivate Acquisition Corp.
Post the merger, which is expected to close in first-quarter 2021, the combined entity will be listed on NASDAQ under the ticker symbol ‘INVZ’. LAZR, Innoviz Technologies and Aeva.Īround 10 days back, Israel-based LIDAR startup Innoviz announced plans to go public by merging with a SPAC called Collective Growth Corporation. Ouster, which aims to generate about $19 million revenues in 2020, is notably the fifth LIDAR stock to take the SPAC IPO route this year following the footsteps of Velodyne Lidar Inc. The deal values the maker of lidar sensors for driverless cars and smart cities at $1.9 billion. startup Ouster, which will go public by merging with a special purpose acquisition company (SPAC), Colonnade Acquisition Corp CLA. The most recent LIDAR developer to announce IPO plans is the U.S. But before that, let’s take a look at the LIDAR manufacturers that went public or announced their IPO plans in 2020 to cash in on the AV revolution. Amid the upbeat scenario, we will highlight five LIDAR stocks that you should keep your eyes on. Per ReportLinker data, the global marketfor LIDAR is expected to witness a CAGR of 22.5% over the 2021-2028 time frame. Increasing levels of automation is expected to drive the LIDAR market prospects. Enhanced neural networking capabilities and advancements in digital mapping and obstacle-recognition functionalities are expected to lead to safer navigation, reduction in accidents, as well as commuter comfort. The race to AV supremacy will only get fiercer in the coming years.
Basically, it is this LIDAR technology - which helps offer vehicles with a three-dimensional view of the road - that forms the cusp of the utopian concept of AVs to eventually become a disruptive reality. Self-driving vehicles are to be outfitted with these laser light perception sensors called LIDAR, which renders precise images of the environment around the cars and responds to the surroundings with human-like abilities. LIDAR involves 3D scanning technology and makes use of laser beams to detect objects, thereby providing accurate measures of spatial locations based on the time taken by every laser pulse to reflect back to sensors.
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