About Luminar

Enabling the World's Safest & Smartest Vehicles

Luminar is a technology company specializing in advanced Light Detection and Ranging (LiDAR) hardware and software solutions to enable the world’s safest and smartest vehicles. Over the past decade, Luminar has been developing proprietary LiDAR hardware, core semiconductor components and software in-house to meet the demanding performance, safety, reliability and cost requirements to enable next-generation safety and autonomous capabilities for passenger and commercial vehicles, as well as other adjacent markets.

The global automotive and mobility sector is increasingly focused on safety and autonomy, specifically next-generation advanced driver assistance systems, or ADAS, and highway autonomy for passenger and commercial vehicles. Our LiDAR technology provides increased situational awareness in a broad range of driving environments through improved and higher confidence detection and planning at all vehicle speeds.

Our Mission

Eradicate vehicle accidents.

Our 100-year Vision

Saving 100 million lives and 100 trillion hours.

Market Overview

Total Addressable Market Opportunity = ~197M Units by 20301

While LiDAR is certainly useful for L2+ systems in terms of improving performance versus Camera and/or RADAR, it is required for L3 and beyond. This is because LiDAR is necessary to provide reliable 3D context and object detection for safe autonomy, along with upgrade optionality from L2+. As such, we expect a significant step up in LiDAR penetration as L3 systems proliferate.

Over 1 Million Vehicle Fatalities Globally2

While the increasing application of existing ADAS technologies should help reduce the number of accidents and fatalities, there is significant room for improvement in these technologies, specifically by introducing a capable LiDAR sensing system that increases the quality and reliability of the perception data collected by vehicles and enables improved ADAS functionality in a wider range of environmental conditions, including at higher speeds and at night.

Luminar’s Differentiated Approach to Driving the AV Future

From its inception, Luminar has taken the approach of building technology to enhance, rather than replace, the driver, and specifically on enabling Level 2-3 ADAS/autonomous capabilities for consumer production vehicles rather than Level 4-5 autonomy for robotaxi or other applications. This approach has resonated within the industry, with our LiDAR being industrialized on multiple global production vehicles.

1 Estimated TAM of LiDAR in ADAS Applications by 2030 according to Frost & Sullivan
2 Source: World Health Organization

Why LiDAR?

For Safety

Vehicles with current camera/RADAR systems experienced collisions in 70% of pedestrian AEB scenarios* .

Safety regulations are getting increasingly tough. 0% of camera/RADAR systems today appear equipped to meet tougher safety standards.

LiDAR introduces reliable object detection & distance measurement to reduce collisions and avoid false positives.

* Source: IIHS, AAA

For Autonomy

Camera infers a 3-D model from a 2-D image; RADAR struggles with detection, particularly at distance.

This means camera/RADAR have unreliable object detection & distance measurement to enable autonomy.

LiDAR provides most reliable 3-D context & object detection, broad sensor utility, and functional availability in all driving scenarios & conditions to enable autonomy. LiDAR also introduces redundancy with other sensors.

Why 1550nm?

To deliver safe highway speed autonomy, Range x Resolution is required.

905nm wavelength operates closer to that visible by human eye & can cause eye damage. 1550nm can output more power than 905nm while remaining eye safe.

1550nm emits on average 17x more photons into environment than 905nm. 17x photon budget = Better Range x

Resolution 1550nm has more robust performance across solar & weather conditions.

Product Portfolio

Hardware

Our LiDAR products combine a 1550nm laser, transmitter, and receiver and provide long-range sensing that we expect will meet OEM specifications for advanced safety and autonomy. This technology provides automotive-grade, efficient, and affordable solutions that are scalable, reliable, and optimal for series production.

  • Iris Family: Iris was the first Luminar LiDAR that was refined to meet the size, weight, cost, power, and reliability requirements of automotive qualified series production sensors. We achieved low-volume start of production (SOP) for Iris in 2022 and high-volume SOP in 2024 to support the launch of the Volvo EX90, the first global production vehicle to feature our technology as standard equipment.
  • Luminar Halo: Luminar Halo is our next-generation LiDAR, which is being designed for mass adoption by mainstream consumer vehicles. Building off the same 1550nm laser architecture of Iris, Luminar Halo is expected to enable a 4x improvement in performance, a 3x reduction in size, a 2x improvement in thermal efficiency, and more than a 2x improvement in cost.

Software

Our portfolio of in-development software includes Core Sensor Software, Perception & Mapping, and Driving Functions. We refer to our full-stack software platform for safety and autonomy that is expected to enable Proactive Safety and Highway Autonomy for passenger vehicles and commercial trucks as Sentinel.

Luminar Semiconductor ("LSI")

LSI reflects the combination of our chip design and packaging subsidiary companies, Black Forest Engineering, Optogration, Freedom Photonics, and EM4. We refer to the internal development of these key sub-component technologies as our "chip-level-up" strategy, which gives us a significant advantage in the development of our product roadmap, maturation and industrialization of our LiDAR supply chain, and a competitive moat in the LiDAR industry.

Discover More About Luminar

We invite you to learn more about Luminar and our investment outlooks.

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