About Luminar Technologies
Luminar Technologies develops advanced lidar systems and software essential for autonomous vehicles. Lidar technology uses laser light to create detailed 3D maps of the environment, allowing self-driving cars to navigate safely. The company serves over 50 clients, including 8 of the top 10 global automakers like Volvo and Nissan, establishing itself as a key player in the automotive industry. Luminar's business model focuses on manufacturing and selling lidar systems to automotive manufacturers and suppliers, while also exploring applications in trucking and smart city projects. The company differentiates itself through long-term contracts with major automotive players and a commitment to meeting high performance and safety standards. Luminar's goal is to make autonomous transportation safe and widely adopted by enabling real-world deployments of self-driving technology.