2023-06-06 09:16:19 ET
Luminar ( NASDAQ: LAZR ) signed an exclusive contract with PlusDrive to provide mid-to-long-range LiDAR for commercial vehicles and, in exchange, receive AI-based enhanced driver assist software from the Santa Clara-based company.
PlusDrive CEO said that the partnership will allow for “scalable commercialization of driver-in technology” and aid a path toward fully autonomous driving. The Level 2 technology the company now provides “automatically handles stop-and-go traffic, lane changes, lane merges, nudging when next to an oversized vehicle, and staying centered in the lane while the driver remains alert and attentive” for commercial vehicles.
“Trucking is a key emerging market for Luminar, and the same products and technology we’ve successfully executed on for our production consumer vehicle programs are beginning to be deployed on commercial vehicles as well,” Luminar CEO Austin Russell said. “We see Plus as a new strategic partner for us to enable enhanced safety and autonomous capabilities for production commercial vehicles at even greater scale, in light of their commercial success with some of the largest companies in the industry.”
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For further details see:
Luminar inks partnership with trucking-fcosued ADAS company