Velodyne’s Sensors Power Olli – Local
Motors’ Autonomous Mobility Solution
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a multi-year
sales agreement with Local Motors, a leading digital vehicle
manufacturer that develops sustainable mobility solutions to
empower communities around the world. Local Motors uses Velodyne’s
lidar sensors to enable safe, reliable operation of Olli, the
company’s 3D-printed, electric, self-driving shuttle.
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Velodyne Lidar, Inc. announced a
multi-year sales agreement with Local Motors. Local Motors uses
Velodyne’s lidar sensors to enable safe, reliable operation of
Olli, the company’s 3D-printed, electric, self-driving shuttle.
(Photo: Local Motors)
Local Motors includes multiple Velodyne Puck™ sensors in Olli,
which provides mobility services across neighborhoods, campuses and
urban city centers. The sales agreement also positions Local Motors
to incorporate additional Velodyne sensors, including the Velarray
H800, into Olli designs so the company can continue to optimize the
perception system of the autonomous vehicle.
The 360-degree surround view Puck sensor can eliminate blind
spots as Olli navigates in varied driving conditions. The sensor’s
proven durability on roadways and range of sensing to support safer
navigation were also important decision drivers for Local
Motors.
The Puck’s sleek, compact form factor made it easy for Local
Motors to aesthetically integrate the sensor into the elegantly
designed Olli, including behind the vehicle’s AGC Wideye™
automotive-grade glass. A highly automated, mass production
manufacturing operation enables Velodyne to deliver cost-effective
Puck sensors to the Local Motors microfactory.
Olli is deployed at universities, business parks and local
communities throughout the United States and in Asia, Europe and
the Middle East. Olli acts as a connector in multimodal
transportation networks that complements existing mobility
ecosystems by providing a first-mile, last-mile solution which
addresses transportation gaps and inefficiencies.
Deployments of Olli 2.0, Local Motors’ latest iteration, include
the Jacksonville (Fla.) Transportation Authority’s Test & Learn
Program. The deployment of the Olli 2.0 at JTA was the first in the
United States and made possible through a recent partnership with
Beep, a Florida-based mobility-as-a-service provider. Local Motors
and Beep have plans to deploy hundreds of autonomous vehicles in
the coming years.
“We selected Velodyne’s sensors after a rigorous evaluation
process where they clearly stood out as the right strategic partner
to address our long-term lidar needs,” said Vikrant Aggarwal,
President, Local Motors. “Velodyne’s technology leadership gives us
confidence we will always have the latest lidar technology to help
ensure safety in our vehicles. We look forward to co-evolving our
product offerings to address more use cases in the autonomous
mobility space.”
“With Olli, Local Motors is empowering communities to redefine
local transportation and create opportunities for people with
mobility challenges,” said Laura Wrisley, Vice President of North
American Sales, Velodyne Lidar. “Our sensors provide the
much-needed data for Olli’s critical safety features. Local Motors
is a valued customer that is open and easy to collaborate with in
addressing their lidar needs. The insights from Local Motors on our
product development and prototypes have been very helpful in
shaping our sensor portfolio to enable safer autonomous
driving.”
Velodyne Puck sensors provide rich computer perception data that
make it quick and easy for autonomous solutions to build highly
accurate 3D maps for navigation. The Puck delivers a
high-resolution surround view image which can accurately measure
and analyze an environment. The Puck’s reliability,
power-efficiency and versatility make it an ideal solution for
demanding mobility and other applications.
About Velodyne Lidar
Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous
technology with the invention of real-time surround view lidar
sensors. Velodyne is the first public pure-play lidar company and
is known worldwide for its broad portfolio of breakthrough lidar
technologies. Velodyne’s revolutionary sensor and software
solutions provide flexibility, quality and performance to meet the
needs of a wide range of industries, including autonomous vehicles,
advanced driver assistance systems (ADAS), robotics, unmanned
aerial vehicles (UAV), smart cities and security. Through
continuous innovation, Velodyne strives to transform lives and
communities by advancing safer mobility for all. For more
information, visit www.velodynelidar.com.
Forward Looking Statements
This press release contains "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 including, without
limitation, all statements other than historical fact and include,
without limitation, statements regarding Velodyne’s target markets,
new products, development efforts, competition. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," “can,” "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Velodyne's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include Velodyne's ability to manage growth;
Velodyne's ability to execute its business plan; uncertainties
related to the ability of Velodyne's customers to commercialize
their products and the ultimate market acceptance of these
products; the uncertain impact of the COVID-19 pandemic on
Velodyne's and its customers' businesses; uncertainties related to
Velodyne's estimates of the size of the markets for its products;
the rate and degree of market acceptance of Velodyne's products;
the success of other competing lidar and sensor-related products
and services that exist or may become available; Velodyne's ability
to identify and integrate acquisitions; uncertainties related to
Velodyne's current litigation and potential litigation involving
Velodyne or the validity or enforceability of Velodyne's
intellectual property; and general economic and market conditions
impacting demand for Velodyne's products and services. Velodyne
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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Investor Relations Andrew Hamer Chief Financial Officer
InvestorRelations@velodyne.com
Media Landis Communications Inc. Sean Dowdall (415)
286-7121 velodyne@landispr.com
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