Velodyne Lidar has announced Nikon Corporation as a new strategic investor with an investment of $25M. The parties further announced they have begun discussions for a multifaceted business alliance.
Velodyne is known for its lidar sensor technologies and Nikon is one of the leading suppliers of products and solutions based on advanced opto-electronics and precision technologies.
Aiming to combine Nikon’s optical and precision technologies with Velodyne’s sensor technology, both companies have begun investigating a wide-ranging business relationship, including collaboration in technology development and manufacturing.
The companies believe that relationship will advance the timeline for manufacturing and mass production of lidar for the autonomous and advanced safety global market. The companies share a futuristic vision of advanced perception technology for a wide range of applications including robotics, mapping, security, shuttles, drones, and safety on roadways.
Source: Press Release