Ford and Baidu have invested $150m in Velodyne as part of a joint venture to improve its LiDAR (Light, detecting and ranging) sensors. The company is also working with the US military on developing autonomous vehicles that can be used for reconnaissance or combat roles.
Ford and Baidu have invested $150m in Velodyne as part of a joint venture to improve its LiDAR (Light, detecting and ranging) sensors. The investment will help Velodyne develop better quality sensors at scale for use in autonomous vehicles.