Insight to Velodyne LiDAR Business

Image Sensors World

It’s official now: Velodyne LiDAR becomes a public company through reverse merging with Graf Industrial.

Graf Industrial Corp. (NYSE: GRAF). GRAF and Velodyne have successfully raised $ 150MM in equity from a group of institutional investors, subject to completion of the transaction. This transaction is being structured as a reverse merger where existing Velodyne shareholders will own the majority of the go-forward company. The funds raised will be combined with up to $ 117M that GRAF had already raised from its existing investors. We are targeting to finalize the combination toward the end of Q3 2020, following approval by GRAF’s shareholders. At that time, Velodyne will become a publicly-traded company and we expect to be listed on the NYSE under a new ticker symbol, VLDR.

Why should it be interesting for everybody? Because Velodyne becomes the first pure-play LiDAR company that would disclose its financial results every quarter. Now, everybody can see how LiDAR business looks from inside and dynamics of the LiDAR market. The first public disclosure is below:

Image Sensors World

No Comments

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Image Sensors World
Axcelis Purion XEmax is Fully Capable of 15MeV Energy

After initial misunderstanding with 15MeV and 12MeV statements in Axcelis announcements, I got an official clarification from the company: Dear Vladimir, I saw your recent article on our system and reference to energy range and I wanted to clear up any confusion. Our system does indeed have an energy range …

Image Sensors World
Is Yokogawa Minimal Fab Suitable for Image Sensor Production?

Yokogawa brought AIST, Japan-originated Minimal Fab project to production. It uses 0.5-inch wafers and does not need a clean room to operate: Minimal Fab process implements most of the steps needed for image sensor production, even a wafer thinning and bonding option. The most notable omission is a high energy …

Image Sensors World
LiDAR News: Lumotive, Robosense, Light, Microvision

Lumotive announces Early Access Program (EAP) to accelerate adoption of its LiDAR technology. The EAP provides engineering support and early access to Lumotive’s software-defined beam-steering technology to enable customized product design and rapid system integration. “While our 3D-sensing products leverage innovative Liquid Crystal Metasurfaces (LCMs) to provide significant performance and …