Home Markets Lidar supplier AEye inks deals with Continental, TuSimple

Lidar supplier AEye inks deals with Continental, TuSimple

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July 14 (Reuters) – Self-driving sensor maker AEye Inc on Wednesday said it had struck deals with German automotive supplier Continental AG (CONG.DE) and autonomous trucking firm TuSimple related to its technology.

AEye makes what is called lidar, which helps self-driving vehicles gain a three-dimensional view of the road using laser light. The company plans to become publicly traded this year as part of a merger with CF Finance Acquisition Corp III (CFAC.O), a blank check firm backed by financial services firm Cantor Fitzgerald. In May, the two said AEye’s valuation fell from $2 billion to $1.52 billion. read more

AEye and Continental, which has also invested AEye, said the German automotive supplier will integrate AEye’s sensors into its autonomous driving systems.

“We will manage the entire product life cycle, including the development of a mass market product, as well as manufacturing, validation and testing according to automotive grade…

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