Self-driving technology company Velodyne unveils new lidar for $100

On January 9th, according tomedia reports, self-driving technology company Velodyne launched a lidar Velabit LiDAR at CES 2020 for just $100. Velodyne plans to start selling the product by the middle of this year. Lidar is short for the English word “light detection and range”, commonly referred to as lidar technology. Notably, there are up to $100,000 in the Velodyne product line.

Self-driving technology company Velodyne unveils new lidar for $100

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The investment-funded Livox also released two lidar sensors at CES: Horizon and Tele-15, which are suitable for L3 and L4 autonomous driving, respectively. Livox Horizon retails for $6,499 and the Tele-15 for $9,000. Horizon will be available on 7 January 2020 and Tele-15 will be available in the second quarter of 2020.

In addition to the low price, Velabit is also very small in size, Velodyne claims that the sensors inside Velabit are as advanced as similar products, but smaller than a deck of poker.

Velodyne is currently a private company. In the middle of last year,media reported that Velodyne Lidar had hired a number of investment banks to prepare for an ipo, and people familiar with the matter said Velodyne wanted to value it at more than $1.8bn.

According to the official website, Velodyne Lidar’s products have been used in Volvo, Mercedes-Benz, Ford, Baidu and other manufacturers of self-driving cars.