Elon Musk really went for it this week at Tesla’s Autonomy Day, ripping into widely used self-driving technology like laser sensors and (over)promising to put 1 million self-driving Tesla taxis on the streets next year. These bold claims certainly stirred up some feelings among autonomous vehicle experts and industry leaders.
On Friday, Velodyne president Marta Hall released a long statement — with a lot of ALL CAPS — defending her company’s main product, LiDAR sensors for autonomous vehicles. While acknowledging Tesla’s good work with electrification and car design, she shredded Musk’s “claims” about deploying Teslas without a driver and without “lame” LiDAR sensors. Tesla only uses cameras, ultrasonic sensors, and a radar unit for its sensor suite. Read more…
More about Tesla, Autonomous Vehicles, Self Driving Cars, Lidar, and Tech
Innovusion, a two-year-old startup developing LiDAR sensor technology for autonomous vehicles, has raised $30 million in a Series A funding round co-led by Chinese firms Nio Capital and Eight Roads Ventures along with U.S.-based F-Prime Capital.
Other seed round and strategic investors joined the round, the startup said.
Nio Capital is the venture arm of Nio, the Chinese electric automaker aiming to compete with Tesla. Nio, which raised $1 billion when it debuted on the New York Stock Exchange in September, has operations in the U.S., U.K. and Germany, although it only sells its ES8 vehicle in China.
Innovusion, which was founded in November 2016, says it will use the funding to scale up its operations, specifically to ramp up production of its light detection and ranging sensor system called Innovusion Cheetah. The company began shipping samples of the system in the second quarter of 2018 and is beginning to take customer orders.
The round of funding will allow the Los Altos, California-based company to expand its R&D team and manufacturing facilities to more quickly develop, market and deliver Innovusion Cheetah LiDAR to customers around the world, according to Junwei Bao, the company’s co-founder and CEO. The company primarily is targeting customers in China and the U.S.
LiDAR is used by companies developing autonomous vehicles to detect and measure objects on the road around them. Most of the companies testing AVs believe LiDAR is an essential sensor required to deploy self-driving vehicles safely on public roads. It’s what has propelled demand for LiDAR and, in turn, an array of startups to pop up and try capture market share away from Velodyne, the long-time dominant leader in the space.
Long ago, people believed that the eye emitted invisible rays that struck the world outside, causing it to become visible to the beholder. That’s not the case, of course, but that doesn’t mean it wouldn’t be a perfectly good way to see. In fact, it’s the basic idea behind lidar, a form of digital imaging that’s proven very useful in everything from archaeology… Read More
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