Luminar to supply lidar sensors for Mobileye's self-driving fleet
From Paul Lienert
(Reuters) - Luminar Technologies, the self-driving sensor startup about to go public, announced on Friday that it would sell laser-based lidar sensors to Intel Corp.'s Mobileye subsidiary <INTC.O>. will supply vehicles for its self-driving test fleet.
Mobileye is one of the world's largest suppliers of camera-based sensors, used by most of the leading automakers in their advanced driver assistance systems (ADAS), and also develops high-resolution maps for automated vehicles.
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The terms of the contract were not disclosed.
Mobileye is also the center of Intel’s initiative to build a multimodal Mobility as a Service (MaaS) business, spanning a variety of modes of transport from e-scooters to robotaxis.
According to Luminar, the lidar will be integrated with Mobileye's self-propelled hardware and software system, which also uses radar and surround view cameras.
In May, Mobileye acquired Israeli startup Moovit, one of the world's leading MaaS providers, and said the service would eventually include self-propelled robotic axes.
Mobileye and parent company Intel are part of a consortium with BMW <BMWG.DE>, Aptiv <APTV.N> and others to develop self-driving systems that the group has claimed could be sold to other automakers.
Luminar announced it has signed development deals with a number of automakers, with Volvo being among the first to deploy the company's lidar in self-driving vehicles in 2022.
In August, Luminar announced that a reverse merger with Gores Metropoulos Inc <GMHIU.O>, a NASDAQ-listed special-purpose acquisition company, is expected to go public for $ 2.9 billion and is expected to close this quarter becomes.
Investors in this deal include tech billionaire Peter Thiel, Volvo Cars from Geely Automobile, and VectoIQ, Nikola Corp.
Luminar is one of several lidar manufacturers pursuing reverse mergers with SPACs. Velodyne Lidar <VLDR.O> went public earlier this year, and more recently Aeva announced a similar plan.
(Reporting by Paul Lienert in Detroit; editing by Cynthia Osterman)
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