Luminar struggles with losses, weak sales, and CEO exit. Delayed breakeven and production challenges heighten risks. See here for more on LAZR stock.

Mercedes had signed a supply deal for Luminar's Iris lidars over two years ago and planned to integrate them into vehicles mid-decade. That plan has been shelved in favor of the development ...

Mercedes-Benz has signed a new agreement with Luminar Technologies to develop and integrate its latest lidar product, Luminar's CEO said, shifting from a supply deal for its currently available ...

Luminar Halo, intended for wide adoption in everyday consumer vehicles, features four new chip technologies from Luminar Semiconductor. Designed to be compatible with current Iris sensor systems ...

In terms of hardware, two of Luminar's Iris lidar sensors will be installed in Cat off-highway trucks to enhance the "senses" of the vehicles.

Luminar wants to reduce Iris material costs to below $500, with a long-term target of below $100, driven primarily by scale (higher yields, lower supply chain costs, improved overhead absorption).

Russell also revealed details of the planned successor to Luminar’s Iris system, which the company has called “Halo”. Said to be a third the volume of Iris, weigh less than a kilogram, and consume ...

Luminar has garnered a number of prominent design wins in recent years, but program delays mean very few vehicles with its Iris sensor have actually been produced yet. 2024 could well be the ...

Luminar has announced the successful build-out of a new highly automated, high-volume manufacturing facility in Monterrey, Mexico. The first Luminar Iris sensors out of this new dedicated facility ...

Following a $100 million funding round in 2019, we caught wind of Luminar’s Iris long-range lidar technology, which would soon be implemented in Volvo Cars vehicles as a prime component in the ...

We first learned of Luminar’s Iris lidar sensor following a $100 million funding round it received in 2019 before going public via SPAC deal in the summer of 2020.

Luminar revealed its Iris Plus lidar, which it said will further “the mission for enhanced vehicle safety and autonomous capabilities by enabling even greater performance and collision avoidance ...