Driverless Race Accelerates: Who is Leading the Game? Gone are the days when driverless vehicles were confined to the realms of science fiction. Click on the icon for your Adblocker in your browser. In October, it announced a three-year sales agreement with Baidu for its Alpha Prime™ lidar sensors. The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva. Frequent firmware updates add features and improve sensor performance, helping you get more out of your sensors. Apple just released the new iPhone 12, and unsurprisingly it includes a LiDAR system like the 3D ranging system launched in the iPad a few months ago. 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. Veoneer is also working in-house on short-range lidar. Learn more. Luminar: Since its market debut on Dec 3, the stock has gained more than 107%. The company expects to generate revenues of 15 million in 2020, which is expected to jump to $837 million by 2025. Well positioned to benefit from the solid momentum witnessed in image sensors amid consistent growth in the advanced driver-assistance systems (“ADAS”) domain, ON Semiconductor currently carries a Zacks Rank #3. Investors in the PIPE included Cox Automotive, Fontinalis Partners, and WWJ Enterprises. 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. VLDR, Luminar Technologies, Inc. LAZR, Innoviz Technologies and Aeva. Early this month, Luminar made NASDAQ debut, following a reverse merger with Gores Metropoulos Inc. Around 10 days back, Israel-based LIDAR startup Innoviz announced plans to go public by merging with a SPAC called Collective Growth Corporation. The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go public, following on from Velodyne Lidar Inc, Luminar, Innoviz and Aeva.. The firm’s collaboration with Korea-based LIDAR startup SOS LAB to accelerate the development of LIDAR technology in the automotive market is also likely to boost its prospects. Please follow the instructions below to enable JavaScript in your browser. Do Not Sell My Personal Information (CA Residents Only). California-based LIDAR firm Aeva will be merging with InterPrivate Acquisition Corp. in a deal valued at $2.1billion. ... Colonnade raised $200 million in an IPO in August. 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