Hyundai-backed Motional, a global driverless technology leader, has signed a multi-year sales agreement with Velodyne Lidar (Nasdaq: VLDR) for Alpha Prime sensors. Velodyne will be the exclusive provider of long-range, surround view lidar sensors for Motional’s SAE Level 4 driverless vehicles.
The Alpha Prime sensors offer a combined range, resolution and field of view that collectively address the high-performance requirements of autonomous vehicles. The sensors can also help autonomous vehicles safely navigate roadways at various speeds, traveling in a range of road conditions such as rain, sleet and snow.
Anand Gopalan, CEO, Velodyne Lidar, says: “By working with Motional, we’re on the cutting edge of making driverless vehicles a safe everyday reality. Velodyne and Motional have a shared mission of safety-first and we’re proud that our Alpha Prime sensors will be used by Motional’s vehicles as they safely navigate real roads.”
Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies.