Forbes:Continental AG Takes Stake In AEye To Enhance Its Autonomous Vehicle Technology

Published:Oct. 27, 2020 by Greg Gardner


Continental AG is taking a minority stake in AEye Inc., a Dublin, California-based developer of LiDAR technology, in order to bring its autonomous vehicle technology to commercial vehicles sooner.


Specifically, AEye, founded in 2013, has developed a long-range LiDAR system that can detect vehicles at a distance of more than 300 meters and pedestrians at more than 200 meters.


Continental hopes the investment will enhance its current short-range LiDAR technology that is slated to go into production by the end of 2020………


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