Velodyne LiDAR has more than quadrupled production for its LiDAR sensors to meet strong global demand. As a result, Velodyne LiDAR’s sensors are immediately available via distribution partners in Europe, Asia Pacific, and North America, with industry standard lead-times for direct contracts, the company informed through a press release.
The company bolstered this aggressive production expansion by doubling the number of its full-time employees over the past six months. These employees operate across three facilities in California, including the company’s new Megafactory in San Jose, its long-standing manufacturing facility in Morgan Hill, and the Velodyne Labs research center in Alameda.
Notably, Velodyne invented and patented the world’s first 3D real-time LiDAR sensor for autonomous vehicles. Over the last ten years, Velodyne sensors have been installed in thousands of vehicles around the world, traveling millions of real-world miles.
“With the tremendous surge in autonomous vehicle orders and new installations across the last 12 months, we scaled capacity to meet this demand, including a significant increase in production from our 200,000 square-foot Megafactory.” said David Hall, Velodyne LiDAR Founder, and CEO.
The company has recently signed an agreement with to commercialize LiDAR. Velodyne has got investments from companies like Ford and Baidu it had also announced a groundbreaking design for a solid-state LiDAR sensor that can deliver a subsystem cost of under $50 U.S. when sold in high-volume manufacturing scale. Notably, GM has acquired a Lidar technology company-Strobe, recently, so the step by the company might be to meet the rising competition with the entry of heavyweights in the Lidar market.