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Velodyne Achieves Half a Billion Dollars in Lidar Sensors Shipped

March 28, 2019
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Velodyne Alpha Puck™ is a lidar sensor specifically made for autonomous driving and advanced vehicle safety at highway speeds. (Photo: Business Wire)

SAN JOSE, Calif.--(BUSINESS WIRE)--Mar 28, 2019--Velodyne has shipped a cumulative total of 30,000 lidar sensors with a total value of half a billion dollars. This achievement underscores Velodyne’s lidar market leadership and ability to deliver a broad portfolio of lidar sensor products at mass production levels.

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Velodyne Alpha Puck™ is a lidar sensor specifically made for autonomous driving and advanced vehicle safety at highway speeds. (Photo: Business Wire)

Velodyne is the highest volume supplier of lidar sensors to the automotive industry with more than 250 customers globally. Lidar sensors are a central component of autonomous vehicles (AVs) and advanced driver assistance systems (ADAS). Velodyne’s sensors are used in a myriad of new technologies and rapidly growing industries, including unmanned aerial vehicles, delivery services, mapping, industrial safety, robotics, security, marine uses, and more.

“We broke through this milestone because the Velodyne team develops the smartest, most powerful lidar solutions. Velodyne created the world’s first in-house automated manufacturing processes to produce automotive-grade lidar products at scale,” said David Hall, CEO and Founder, Velodyne Lidar, Inc.

Velodyne’s product portfolio meets the needs for autonomy and driver assistance, providing the real-time perception data that enables safe and reliable operation. Velodyne produces both directional and surround-view sensors with best-in-class range and resolution. The rich computer perception data provided by these sensors allows immediate object and free space detection for safe navigation.

Velodyne’s manufacturing operations include a 200,000 square foot megafactory in San Jose, Calif., where highly-automated robotic assembly techniques are utilized to build a range of sensors. Invented by Velodyne, these revolutionary manufacturing systems form the foundation of the company’s mass production capabilities. Velodyne is also scaling production by licensing core lidar technology to Tier 1 supplier Veoneer for a long-term, high-volume manufacturing agreement with a global automaker.

About Velodyne Lidar

Velodyne provides the smartest, most powerful lidar solutions for autonomy and driver assistance. Founded in 1983 and headquartered in San Jose, Calif., Velodyne is known worldwide for its portfolio of breakthrough lidar sensor technologies. In 2005, Velodyne’s Founder and CEO, David Hall, invented real-time surround view lidar systems, revolutionizing perception and autonomy for automotive, new mobility, mapping, robotics, and security. Velodyne’s high-performance product line includes a broad range of sensing solutions, including the cost-effective Puck™, the versatile Ultra Puck™, the perfect for L4-L5 autonomy Alpha Puck™, the ultra-wide angle VelaDome™, the ADAS-optimized Velarray™, and the groundbreaking software for driver assistance, Vella™. To learn more about lidar, please visit Velodyne’s Lidar 101 webpage.

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CONTACT: Sean Dowdall

Landis Communications for Velodyne Lidar, Inc.

(415) 286-7121

velodyne@landispr.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HARDWARE INTERNET SOFTWARE MOBILE/WIRELESS AUTOMOTIVE PERFORMANCE & SPECIAL INTEREST GENERAL AUTOMOTIVE

SOURCE: Velodyne Lidar, Inc.

Copyright Business Wire 2019.

PUB: 03/28/2019 08:00 AM/DISC: 03/28/2019 08:00 AM

http://www.businesswire.com/news/home/20190328005087/en