Quanergy Systems Promises LiDAR for Under $1,000 Early 2016

Californian startup Quanergy Systems has announced yesterday they will introduce in early 2016 the world’s first solid state LiDAR (Light Detection and Ranging) sensor for self-driving cars for less than $1,000 per car.

Quanergy’s solid state LiDAR sensor, used for autonomous vehicles, contains an integrated circuit that scans in every direction without any moving parts on both the macro and the micro scale, creating a live 3D view around a car, and detecting, classifying, and tracking objects in the scene.

This type of technology will be quickly lowering the cost of self-driving cars.

“Our solid state LiDAR is significantly more compact and more affordable than any other unit on the market today, and will revolutionize the way automotive manufacturers design cars,” said Quanergy CEO Louay Eldada.

The company said they have partnerships in place with “Mercedes-Benz, Hyundai-Kia and Renault-Nissan along with other companies in the automotive industry.“

Quanergy raised $30 million in a Series A funding end of 2014.

Wednesday, November 18th 2015

Nav & Telematics | Sport and Outdoor | Location Based Services | Tech & Innovation | Market Data | Finance & Legal | People and Jobs | Voices of the industry | Press Releases