- Velodyne and Luminar are currently (still) the market leaders in automotive LiDAR.
- Since 2016, Velodyne LiDAR has been valued at at least $1.8 billion in several financing rounds by Ford, Hyundai and Baidu, and also in July 2020 for the upcoming IPO.
- Luminar LiDAR has been just valued at $2.9 billion by investors including Volvo in the merger with Gores Metropoulos to be listed on Nasdaq.
- MicroVision Automotive LiDAR systems offer seven times the resolution at a fraction of the price of the latest Velodyne systems.
- Based on the valuation of Velodyne by Ford, Baidu and Hyundai, as well as Luminar by Volvo, the LiDAR division of MicroVision alone is worth approximately $2 billion.
For further details see:
MicroVision LiDAR Is Worth $2 Billion According To Valuation Of Velodyne And Luminar LiDAR By Ford, Baidu, Hyundai, Volvo