Lidar, short for light radar, is a crucial enabling technology for self-driving cars.The sensors provide a three-dimensional point cloud of a car's … In comparison, MicroVision competitors Velodyne Lidar and Luminar Technologies have market capitalizations of $2.6 billion and $6.4 billion, respectively. In Q4 2020, recent LiDAR SPACs Velodyne Lidar and Luminar Technologies were doubling their share price on the back of autonomous vehicle enthusiasm - a great time for MicroVision … Lidar refers to light, detection and ranging technology. As MicroVision engages in the race to self-driving cars, the company that reaches the finish line first will enjoy a large first-mover advantage. On Monday, Florida-based Luminar Technologies announced that it has entered into a definitive agreement to merge with Gores Metropoulos, Inc. With a market capitalisation of US $3.4 billion, this LiDAR service provider has so far partnered with 7 of the top 10 automakers in the world. Over the trailing month, Velodyne Lidar (NASDAQ: VLDR) has shed nearly 27% of market value. Luminar is a maker of lidar, a technology that uses pulsed laser beams to measure distances that are used in most self-driving concepts. Luminar … Lidar works by using laser beams to create a 3D environment of its surroundings for onboard computer systems. Upon this announcement, two large MicroVision competitors, Velodyne and Luminar, saw a spike in their stock prices. Luminar, Velodyne shares gain as Apple talks with lidar suppliers for Apple Car Feb. 19, 2021 11:16 AM ET Luminar Technologies, Inc. (LAZR) By: Brandy Betz , SA News Editor 37 Comments Cruise acquired a lidar start-up called Strobe in … Today’s Microvision is, as referenced above, about lidar. 2. In December of 2020, Apple even announced self-driving car production as early as 2024. All too often, educated people who should know better say daft things like, "Elon Musk's net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index." During the same period, rival Luminar Technologies (NASDAQ: … Luminar is an autonomous vehicle sensor and software company with the vision to power every autonomous vehicle by delivering the only LiDAR capable of making them both safe and ubiquitous. Four LiDAR Stocks That Debuted in 2020 You don't need to be educated in a particular topic to speak knowledgeably about it. Luminar.