Articles from Luminar Technologies

Luminar Technologies (NASDAQ: LAZR), a leading global automotive technology company, today announced it has entered into a definitive agreement with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, and another accredited investor to issue up to $200 million of convertible preferred stock to the investors in registered direct offerings over an 18-month period.

Luminar Technologies (Nasdaq: LAZR), a leading global automotive company, today announced a significant achievement towards enabling the world’s safest and smartest vehicles. The company successfully passed its first major Run at Rate production test for Volvo Cars at its highly automated, high volume manufacturing facility in Monterrey, Mexico. The successful completion of Run at Rate is a key requirement for automakers in advance of start of production (SOP), and the precursor to the launch of the Volvo EX90 featuring Luminar as standard on every vehicle.

For the first time, Luminar (Nasdaq: LAZR), a leading global automotive technology company, officially joined the US Russell 2000® Index, effective today. Luminar is positioned towards the top end of this index, increasing the relative index purchasing power and ownership. Approximately 30 million shares of Luminar’s stock are now anticipated to be purchased and held by associated indices.

Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it is acquiring high-performance laser manufacturer Freedom Photonics. This transaction follows a multi-year collaboration and brings fundamental next-generation chip-scale laser technology, IP, and production expertise in-house for Luminar lidar systems.

Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a partnership with Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars.

Luminar (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, and Volvo Cars, the global automotive safety leader, revealed today at CES in Las Vegas the launch plans for the all electric next generation SUV. The event also marked the North American debut of the automaker’s Concept Recharge, a manifesto for Volvo Cars’ future, with Luminar’s Iris lidar seamlessly integrated into the roofline.

Today, at its inaugural Studio Day in New York City, Luminar Technologies, Inc (Nasdaq: LAZR) introduced Blade, its vision for the future of design and integration of autonomous technology across robo-taxis, trucking and consumer cars. Luminar also showcased the first consumer vehicle fully integrated with Luminar’s Iris lidar, which is on-track for series production with Luminar’s OEM partners, starting in late 2022. The company is kicking off a global customer roadshow this week to demonstrate the performance, capabilities, and design integration of Iris.

Today, Luminar Technologies, Inc. (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, announced the addition of Jun Hong Heng, Founder and Chief Investment Officer of Crescent Cove Advisors, and Dr. Shaun Maguire, Partner at Sequoia Capital, to Luminar’s Board. Both will serve as independent directors, effective June 9, 2021.