Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways [TechCrunch Blog]
Gores Metropoulos, Inc. - Unit (GMHIU)
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Source: TechCrunch Blog
Daimler’sLuminarThe deal, which comes just days afterDaimler and WaymoThe undisclosed investment by Daimler is in addition to the $170 million that Luminar raised as part of its merger with special purpose acquisition company Gores Metropoulos Inc. Luminar will become a publicly traded company through its merger with Gores, which is expected to close in late 2020.Daimler is taking two tracks on its mission to commercialize autonomous trucks. The company has been working internally to develop a truck capable of Level 4 automation — an industry term that means the system can handle all aspects of driving without human intervention in certain conditions and environments such as highways. That work has accelerated since spring 2019 when Daimler took a majority stake inTorc Robotics,Daimler Trucks buys a majority stake in self-driving tech company Torc RoboticsThe plan is to integrate Torc’s self-driving system, along with Luminar’s sensors, into a Freightliner Cascadia truck as well as bu
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