Luminar Technologies

“People just dramatically underestimated how difficult it really is to truly replace a driver and how difficult it is to enable autonomous driving like capabilities.”

“Enables what Volvo calls the invisible shield of safety to where if it senses you're going to get into an accident, the system has the ability to take over the braking system and steering wheel and get you out of that situation.”

“One day, you know, it'll even be robo-taxis everywhere. That's not today. That's not what the business model is fundamentally dependent on. It's more around improving safety and enabling autonomy, sort of in more constrained scenarios like highways, you know, …”

“Automakers from around the world have been lining up and collaborating with us for years, spending billions of dollars to adopt and integrate this technology across their vehicle lineups”

“Our target is to be as much as a sixty billion by the end of the decade.”

“If you want to be able to prevent accidents and do autonomous, right, this is not an optional system. This is something that's fundamentally required to be able to prevent accidents.”

“Normally you have a bunch of different middlemen, tier one suppliers, other kinds of things in between. It's almost unheard of for a new technology company to work directly with automakers.”

“So what I would do is I would rent out these large houses you know, first off in, in Atherton, not too far from the Stanford campus and like created what's called like a hacker house and then basically sublet all the individual rooms to other entrepreneurs, yo…”

“I think, you know, we have more contract value than probably every other autonomous vehicle in, in Lidar company in, in the industry and world combined, you know, at this point in terms of like, actually materializing into, you know, production vehicles that h…”

“That's not what the business model is fundamentally dependent on. It's more around improving safety and enabling autonomy, sort of more constrained scenarios like highways, you know, that are realistic. So that's really where we're working closely with automak…”

“Like, literally, if you put, like, a, you know, a crash dummy right in front of the car like a child pedestrian crash dummy, like, it doesn't come to a safe stop, like, at a reasonable speed.”

“I think, yeah, it was public that we yeah, we have a multi-billion contract, a multi-billion dollar contract with them there too, that goes across their vehicle lineup.”

“I think we reported at the end of last year, like three and a half billion total contract value as part of our forward-looking order book.”

“Most venture capitalists will tell you never to do because you'll just never succeed at building something or working in that world or field, even independently, much less together. But then once you're in and once you're able to do it, it's incredibly valuabl…”

“I think, you know, I'll say this, like, even, even right now, we're going through, like, one phase of that cycle, you know, where you have this, like, dramatic undervaluation of the business, and that's the kind of thing, of course, there's opportunities and o…”