AEye’s proprietary active-sensing, intelligent LiDAR technology delivers industry-leading performance that solves the most difficult challenges in delivering partial or full autonomy Validated by key partnerships with premier Tier 2 and Tier 1 automotive suppliers that enable a capital light, high growth business model for volume production Transaction values AEye at a pro-forma enterprise value of $2.0 billion and delivers up to $455 million of gross proceeds to fully fund the company through profitability Proceeds include up to $230 million in…

Continental has signed an agreement for a minority investment in California-based LiDAR pioneer AEye Both companies are jointly developing a high-performance long-range LiDAR sensor based on AEye’s patented 1550nm agile architecture that utilizes a novel advanced micro MEMS technology Aim is to industrialize and commercialize this technology for Automated Driving on SAE levels 3 or higher with a dual focus on passenger and commercial vehicle use cases Santa Barbara/Dublin, CA (USA) - October 27, 2020 - Technology company Continental is…