![]() But that technology problem is in large part- for us, it's solved. You know, I mean, we're seeing- when you take a look at the different factors that go into this type of business, there's, of course, the core technology, which is the foundation. But, you know, going forward, for us, it's really all about execution. And for us in going through this journey and kind of what's ahead, of course, there was a lot of intensive effort leading up to this stage where it's possible to be designed in working with these major OEMs. You know, this isn't just an internal program with someone. And these are cars that you can actually buy. It's a great question.Īnd I think that's absolutely right, you know, a timeline for series production for the models that were designed into rolling off the line in 2022. I know that you expect to actually start to see vehicles enabled with this technology, what, in 2022, if that's correct? So what does the next year then look like for Luminar? What are you gonna be doing on the ground, especially with the proceeds that you've raised by doing this deal?ĪUSTIN RUSSELL: Yeah. You've got all those partners you were just talking about. So talk to me about the journey from here then. We should mention you started that journey when you were 16, which is pretty remarkable. And, Austin, we should mention you talked about that eight-year journey that you embarked upon. And equivalently, we have a new ecosystem partnership with Mobileye for their AV series solution and also their internal robo-taxi fleet they're deploying globally. You know, we have Daimler Trucks, which is the largest producer of commercial vehicles, as a lead partner in that domain, you know, ultimately to bring this to market here. The other major verticals, you know, you have autonomous trucks. So they're a lead partner on the passenger vehicle side. So most recently, you know, just this year, we've announced a few of the first production deals for autonomy when it comes to initially with Volvo cars, getting this out there in consumer vehicles. We're now working with over 50 major commercial partners, including 7 of the top 10 largest OEMs. The last few years, we've continued on that trajectory while commercializing it. But we've achieved the first and only sensing system to meet the required performance of seeing out 250 meters very reliably in the distance, having the resolution, and having the economics to make it all work while pairing it with software.Īnd now as well, you know, for the first five years, we spent development coming out of stealth in 2017. You know, we've had a very, you know, intensive development process through this. And, you know, it was an eight-year journey leading up to the listing here, certainly an exciting one. So the differentiator here is we built our technology entirely from the ground up, you know, all of our own components, you know, going into this to really solve this core problem. You know, it's easy for these cars to work, you know, 99% of the time and autonomy to do that, but it's all about that last 1% when you want to get these things out of R&D and into production. So with Luminar, so we build really LiDAR sensing technology and software for autonomous vehicles, so really, the key enabling systems that can allow these vehicles to see and understand the world around them reliably and accurately. I'd love to begin maybe just a quick outline for the viewers who aren't as familiar with your company on what you do, where you sit within that autonomous driving tech stack, and sort of the vision for the company over the next several years.ĪUSTIN RUSSELL: Absolutely. ![]() Austin, great to have you on the program. Luminar Technologies set to make its public market debut on the NASDAQ today, trading under the ticker LAZR in a combination with Gores Metropoulos that will value the startup at $3.4 billion.Īnd we're joined now by Luminar CEO Austin Russell. MYLES UDLAND: But we begin our program today with one of the biggest stories in markets in 2020. Yahoo Finance’s Julie Hyman, Brian Sozzi, and Myles Udland speak with Luminar Technologies CEO Austin Russell about the company’s market debut today.
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