Velodyne Lidar Announces Multi-Year Sales Agreement With Local Motors
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005268/en/
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.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201119005268/en/
Contact information
Investor Relations
Andrew Hamer
Chief Financial Officer
InvestorRelations@velodyne.com
Media
Landis Communications Inc.
Sean Dowdall
(415) 286-7121
velodyne@landispr.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Slate Asset Management Announces Partner and Managing Director Promotions10.12.2025 15:00:00 EET | Press release
Slate Asset Management (“Slate”), a global alternative investment platform focused on essential real estate and infrastructure, today announced three senior leadership promotions, effective January 1, 2026. Molly Mahoney has been elevated to Partner, and John Murray and Sayed M. Alaali have been promoted to Managing Directors. “Molly, John, and Sayed have demonstrated outstanding dedication, skill, and leadership over the years and each has contributed meaningfully to Slate’s reputation as a proven investor and a trusted partner to leading global institutions,” said Brady Welch, Co-Founding Partner at Slate. “We are very pleased to welcome them to the highest ranks of our firm’s leadership.” Blair Welch, Co-Founding Partner at Slate, added: “In a year of significant growth, these individuals have consistently delivered exceptional outcomes for Slate’s clients, partners, and communities. They are unwavering in their commitment to excellence, integrity, and teamwork, and we look forward
Kingswood Capital Management Enters Into a Definitive Agreement to Acquire Safran Passenger Innovations10.12.2025 15:00:00 EET | Press release
Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has entered into a definitive agreement to acquire Safran Passenger Innovations (“SPI” or the “Company”) from Safran, an international high-tech company operating in the aviation, defense, and space markets. SPI is a leading global provider of in-flight entertainment and connectivity solutions for airlines and airplane manufacturers worldwide. Matt Smith will continue to serve as SPI’s CEO, and the entire SPI leadership team will remain in place. The transaction is expected to close early next year, subject to customary legal and regulatory requirements. Headquartered in Brea, California, SPI created and designed an award-winning in-flight entertainment and connectivity platform known as RAVE, recognized for its intuitive design, reliability, and innovative approach. Kingswood’s acquisition of SPI is driven by a shared vision of positioning the company to deliver transformative, next-ge
Armis Partners with KODE Labs and IntelliBuild to Streamline Security Operations Across the Building Management Lifecycle10.12.2025 15:00:00 EET | Press release
Armis, the cyber exposure management & security company, today announced a strategic partnership with KODE Labs and IntelliBuild to help organizations unify cybersecurity, operational intelligence and governance for building lifecycle management. The joint offering combines Armis’ continuous asset intelligence with KODE Labs’ performance trends and analytics, which are then operationalized by IntelliBuild’s governance and reporting. By translating accurate, verified intelligence into accountable action, organizations can streamline the operations of building management systems – from thermostats, lighting and badge readers to elevator controllers and security cameras – and proactively strengthen their cyber defenses. “To achieve real security in the new age of connected environments, you must have comprehensive, real-time protection across the entire attack surface,” said Nadir Izrael, CTO and Co-Founder at Armis. “This integration addresses the growing complexity, risk and fragmentati
FiRa Unveils New Membership Tier to Fuel Industry Growth10.12.2025 15:00:00 EET | Press release
FiRa® Consortium is expanding its membership structure with a new Associate tier that opens the door to broader industry involvement. With new revenue-based pricing, organizations of all sizes can now more easily help shape the future of precise, secure wireless experiences. By reducing cost-related barriers and expanding access to FiRa resources, this new tier opens the door for innovators, developers, and emerging players to contribute to the next generation of wireless capabilities. The updated structure gives companies a more flexible and accessible path to Associate membership: $7,500 USD for companies with annual revenue below $50 million USD $30,000 USD for companies with annual revenue above $50 million USD The refreshed Associate tier maintains all existing benefits, including participation in FiRa Working Groups, access to specifications, engagement in FiRa Plugfests, product certification opportunities, and eligibility to apply as a FiRa Authorized Test Lab. These opportunit
QuantrolOx Unveils VIDYAQAR — the World’s First True Open-Architecture Quantum Platform for Education, Research, Testing and Benchmarking10.12.2025 14:29:00 EET | Press release
QuantrolOx today announced a major milestone in quantum technology with the launch of VIDYAQAR, the world’s first True Open-Architecture Quantum Platform designed specifically for education, research, testing, and benchmarking. The system was unveiled today in India and will be available globally in the first half of 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251210668898/en/ VIDYAQAR - A complete quantum platform with cryogenics, control hardware and QPU - powered by Quantum EDGE. The name VIDYAQAR derives from the Sanskrit Vidyākar, meaning “causing wisdom, giving knowledge or science”—a perfect reflection of the platform’s mission to widen access to advanced quantum hardware and accelerate innovation. A Complete, Open and Scalable Quantum Platform VIDYAQAR is a connected, fully open-architecture superconducting quantum system that brings together: CryogenicsControl electronicsQuantum Processing Unit (QPU)Integra
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom