Mercedes-Benz acquires stake in lidar maker Luminar, will use its sensors for future autonomous vehicles
Mercedes-Benz announced it will integrate Luminar’s lidar sensors into future production vehicles to enable autonomous driving capabilities.
The German automaker is also taking an equity stake in the Orlando, Florida-based company, acquiring a total of 1.5 million shares. Based on Luminar’s share price of $13.45 at market close January 19th, Mercedes-Benz is purchasing approximately $20.2 million worth of shares, or less than 1 percent of the company.