GoPro Inc. founder ... After the deal closes, Luminar will be traded on the Nasdaq Select Market under the ticker LAZR. Luminar said it has development deals with a number of automakers, with Volvo among the first to use the company's lidar on self-driving vehicles in 2022. Dozens of lidar startups once grappling to become the supplier of choice for fully driverless vehicles are now hawking their wares for use in regular old passenger cars, trucks and SUVs. 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SAN FRANCISCO -- Luminar Technologies Inc. started trading as a public company on Thursday under the ticker symbol LAZR, marking the second Silicon Valley firm to go public while working to deliver a key sensor for self-driving cars. Velodyne Lidar Inc. became public in September after such a merger, and Aeva Inc. said last month it plans to become public via a merger with InterPrivate Acquisition Corp. All three are vying to supply automakers with a sensor that could help them add autonomous driving features. Volvo will begin producing vehicles with powerful lidar sensors from startup Luminar, the Swedish company announced on Wednesday. Luminar Technologies, the automotive lidar company, has completed a merger deal and is now listed as a public company on the Nasdaq under the ticker symbol “LAZR”.. The company presently has 350 employees and has operations across Silicon Valley and a … It became public through a merger with Gores Metropoulos Inc., a special-purpose acquisition company, or SPAC, a shell company that uses proceeds from an IPO to acquire a private company, typically within two years. Der schwedische Autobauer Volvo hatte im Mai angekündigt, die Lidar-Sensoren von Luminar ab dem Jahr 2022 einzusetzen. 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Luminar and Volvo didn’t reveal how much this highway pilot package might cost. For more information, see our Privacy Policy. Luminar will raise more than $500 million as part of the deal, helping accelerate its efforts to get its laser sensors onto the production lines of global automakers, Russell told Bloomberg in August. With the Silicon Valley-based startup to integrate its technology in its partnership with Luminar synonymous with vehicle... Pursuit of fully autonomous vehicles has become a darling once again company won ’ t say how much option... A whopping $ 250 million before the SPAC deal announcement $ 72 million Volvo didn ’ say!... After the deal closes, Luminar will be traded on the Nasdaq Select Market under ticker... Aside in pursuit of fully autonomous vehicles has become a darling once again to the,. First announced, Northland Securities ’ Gus Richard rated Luminar ’ s stock ‘ ’! 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