LiDAR is an essential component in self-driving vehicles and in many other mobility-related applications
Lighting manufacturer Osram has acquired a strategic 25.1 percent share in LeddarTech, a company that develops a proprietary light detection and ranging (LiDAR) technology to strengthen its position in the autonomous driving sector.
This investment from Osram is part of a larger financing round currently under way by LeddarTech and expected to be finalised shortly.
LeddarTech specialises in solid-state LiDAR systems that use infrared light to monitor the area around them and its advanced optical sensing technology is said to be highly complementary with Osram’s semiconductor products.
The companies already collaborate and Osram’s stake in the company is in the mid double-digit million Euros.
“We see a great natural fit between our two companies and are pleased to welcome Osram as a strategic investor,” said Charles Boulanger, CEO, LeddarTech.
“LeddarTech is on its way to becoming the reference in solid-state LiDARs for the automotive industry, and we believe our association with the market leader in automotive lighting represents an important milestone in that direction.”
Osram’s said its investment in LeddarTech is a response to the growing demand for LiDAR technology – an essential component in self-driving vehicles and in many other mobility-related applications. LiDAR is similar to radar technology in that it detects objects and measures distances and speeds, but it is based on infrared light.
“Osram is already the world’s leading provider of sensor lights for autonomous vehicles and is experiencing steadily rising demand in this field,” said Stefan Kampmann, chief technology officer at Osram Licht AG.
“We see the investment in LeddarTech as a logical step on the way to becoming the leading provider of solutions in this area.”
LeddarTech was established in 2007 and is based in Québec, Canada.
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