We’ve officially launched in mass production for the first global consumer vehicle with LiDAR, and as standard equipment,” said Austin Russell, Founder and CEO. “The past 10 years of Luminar have all been leading up to this historic moment, and proving what many thought would never be possible. Luminar Halo LiDAR sensor (Photo: Business Wire) The company also announced the launch of its next-generation LiDAR sensor for the mass market, Luminar Halo, safety test results from Swiss Re, a new partnership with Applied Intuition, and an expanded collaboration with TPK where they will provide substantial industrialization resources to Luminar to improve cost and efficiency. As a result, Luminar now expects to ship multiple times more product in the second half of 2024 than it has in the prior 10 years and accelerating from there.

The company announced that it has achieved start of production for Volvo Cars and begun delivering production LiDAR sensors for the Volvo EX90, which will be the first global production vehicle to feature and standardize this technology.

Luminar (Nasdaq: LAZR), a leading global automotive technology company, is hosting Luminar Day: A New Era via a live webcast at from its new Silicon Valley facility. TPK expands partnership with Luminar to support advanced industrialization, expected to significantly reduce costs and product development timelines New partnership with Applied Intuition to accelerate next-generation assisted driving and automated driving capabilities to industry Swiss Re releases results of industry-first efficacy test of Luminar LiDAR for vehicle safety: nearly 27% reduction in accidents, nearly 40% reduction in severity vs best performing camera/radar vehicles Unveils Luminar Halo, the company’s next-generation LiDAR technology platform Step-function improvement in performance, integration, and cost Built for mass adoption by both premium and mainstream automakers Luminar achieves start of production (SOP) for Volvo Cars Marks first time industry transitioning from R&D to standard on global production vehicles Kicks off conversion of nearly $4 Billion Order Book to revenue Launches Next-Gen LiDAR Swiss Re Releases LiDAR Safety Results

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