Luminar signed new series production deals for multiple models in December

Luminar announced more commercial momentum at the end of 2022 than anticipated with additional production wins for multiple consumer vehicle models with leading automakers. At CES this week, Luminar will host the North American debut of the Volvo EX90, as well as the SAIC Rising Auto R7, and unveil its new software-based mapping product developed last year following the acquisition of Civil Maps. Luminar will also unveil an updated brand and vision for consumer-facing audiences in preparation for its launch on additional consumer vehicles. "2022 marked an inflection point for Luminar, as the first of its kind to move from R&D to production vehicles," said Austin Russell, Founder and CEO of Luminar…Luminar secured new major commercial program wins for multiple consumer vehicle models with automotive OEMs in the fourth quarter to bring its technology to significantly more cars globally starting in 2025. The commercial success exceeded Luminar’s goal of 60% percent year-over-year growth in total program wins and exceeded its target of 60% year-over-year forward-looking orderbook growth, both major milestones for the company in 2022. Luminar acquired Civil Maps, a pioneer and leader in lidar mapping for automotive. Civil Maps provides the foundational technology to build automatically updating high definition 3D maps from production vehicles powered by Luminar… Luminar also continues to advance its holistic Sentinel software stack for consumer vehicles, which is being demonstrated in live drives to attendees throughout CES.