Valeo Reports $564M in Design Wins for its LiDAR

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Reuters: Valeo has won 500M euros ($564M) worth of orders for automotive LiDARs, told Valeo CEO Marc Vrecko in an interview, highlighting the potential growth of LiDAR. “Those 500 million euros of orders with four major global auto groups will probably eventually represent between 1 to 1.5 billion worth of recurring business,” said Vrecko. Valeo SCALA LiDAR is re-branded version of German Ibeo product.

More than $1b in corporate and private investment has gone into some 50 LiDAR startups over the past three years, including a record $420M in 2018, according to a Reuters analysis of publicly available investment data in March.

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