Ford and Baidu invest $150M in Velodyne LiDAR
Green Car Congress
AUGUST 16, 2016
Velodyne LiDAR, Inc., a global leader in LiDAR (Light, Detection and Ranging) technology, announced the completion of a combined $150 million investment from co-investors Ford Motor Company and China’s leading search engine company Baidu, Inc. The investment will allow Velodyne to rapidly expand the design and production of high-performance, cost-effective automotive LiDAR sensors, accelerating mass adoption in autonomous vehicle and ADAS applications and therefore accelerating the critical, tra
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