Toyota-Backed Self-Driving Car or truck Pony.ai Companions With Luminar | Investing Information

Christina Wilkins

(Reuters) – Self-driving tech company Pony.ai, backed by Toyota Motor Corp, said on Monday its subsequent-era technology for robotaxis will be employing lidars designed by Luminar Technologies, Inc. Lidars are laser-based sensors that are a crucial ingredient to many autonomous car or truck technologies and help them perceive the ecosystem […]

(Reuters) – Self-driving tech company Pony.ai, backed by Toyota Motor Corp, said on Monday its subsequent-era technology for robotaxis will be employing lidars designed by Luminar Technologies, Inc.

Lidars are laser-based sensors that are a crucial ingredient to many autonomous car or truck technologies and help them perceive the ecosystem close to the autos.

James Peng, Pony.ai CEO explained the startup chose Luminar’s Iris lidar for its efficiency but also as it can be integrated into the vehicle superior than regular lidars.

“It’s truly beginning to blur the line concerning what you see as a incredibly perfectly created passenger car and the monstrosities that have been on prime of some of the AV examination cars,” stated Austin Russell, founder and CEO of Luminar.

Luminar’s Iris lidar is about 10 centimeters substantial and Peng reported four of them will be mounted on best of the auto for 360 diploma views. He stated Pony.ai is aiming for automotive-grade creation of autonomous fleets in 2023 globally. 

Pony.ai has Robotaxi products and services in Guangzhou, Shanghai, Beijing, and Irvine and Fremont in California with a fleet of about 200 autonomous motor vehicles. Late previous year, the startup lifted $267 million at a valuation of $5.3 billion.

In addition to Pony.ai, Luminar before this year introduced a partnership with SAIC Motor Corp, China’s largest automaker and a deal with the self-driving software package subsidiary of Volvo Cars, owned by China’s Geely Vehicle Holdings.

Luminar, started in 2012, is one of a number of U.S. lidar suppliers in the earlier calendar year to go community through reverse mergers with blank-look at providers.

(Reporting By Jane Lanhee Lee Editing by Aurora Ellis)

Copyright 2021 Thomson Reuters.

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