Aeva snags VW investment with smaller, longer range lidar
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Aeva snags VW investment with smaller, longer range lidar
Lidar startup Aeva has deepened its relationship with VW Group with a new investment from Porsche Automobili Holding SE, thanks to a next-generation sensor that is headed for the ID Buzz AV, an electric reboot of the automaker's iconic bus that will be used as autonomous taxis.
Aeva's newest lidar product called Aeries has a 120 degree field-of-view - twice as much as its first product - and yet is half the size and uses less power. All of the components of the new lidar fit onto a single chip, an achievement that Aeva CEO Soroush Salehian said will cost $500 at scale, considerably cheaper than current sensors on the market.
The companies didn't disclose the investment amount from Porsche SE, only describing it as "significant." It's worth noting that this is the only lidar company that Porsche SE, a majority voting shareholder of the Volkswagen Group, has made to date. And it's the latest company within the VW Group to take notice in Aeva, a startup founded more than two years ago by veterans of Apple and Nikon.
The investment follows a deal announced in April by Audi subsidiary Autonomous Intelligent Driving, or AID. The unit, which falls under the VW Group, is using Aeva lidar sensors in a fleet of autonomous electric e-trons that were being tested in Munich.
Aeva has developed what it describes as "4D lidar" that can measure distance as well as instant velocity without losing range, all while preventing interference from the sun or other sensors.
Lidar, or light detection and ranging radar, measures distance. It's considered by many as a critical and necessary sensor for autonomous vehicles. Traditional lidar sensors are able to determine distance by sending out high-power