- Velodyne Lidar ( NASDAQ: VLDR ) announced a multi-year agreement to provide its lidar sensors to Yamaha Motor ( OTCPK:YAMHF ) for eve autonomy, a joint venture between Yamaha Motor and Tier IV, Inc.
- The company has already begun shipping sensors to Yamaha Motor to support an October 2022 launch of eve auto.
- These sensors enable the small electric vehicles to navigate factory facilities autonomously.
- “Yamaha Motor’s eve auto is transforming the factory logistics industry by offering a complete package solution of autonomous transport,” said Laura Wrisley, Senior Vice President, Worldwide Sales, Velodyne Lidar ( VLDRW ). “Equipped with Velodyne’s Puck lidar sensors, eve auto is a user-friendly service that can significantly reduce the barrier of entry for companies wanting autonomous transport solutions to improve efficiency and factory safety.”
- Shares up 5.3% PM.
For further details see:
Velodyne Lidar stock gains after signing multi-year agreement with Yamaha Motor