Luminar Day

A New Era – Luminar Achieves Global Start of Production for Volvo Cars - Seite 2

Swiss Re Safety Study Results on Luminar’s LiDAR Sensor

Swiss Re, a world leader in reinsurance and risk assessment, releases the results of its comprehensive vehicle safety testing to measure the efficacy of Luminar’s technology in preventing and reducing the severity of accidents as the next stage in the partnership with Swiss Re, which launched at our last Luminar Day in February 2023. Vehicles equipped with Luminar LiDAR and software driving system outperformed the best performing camera and radar vehicles in the study by a margin of nearly 40%. When compared to the overall 1st and 2nd best performers out of the pool of benchmarking vehicles tested, the Luminar system outperforms them by a margin of nearly 27% on frequency reduction of vehicle accidents and nearly 40% on mitigation power performance. The 1st and 2nd best performers are 2022 model year vehicles of top European car brands, equipped with the latest and fullest set of camera and radar-based technology available on the market.

Luminar will leverage the safety study as an industry benchmark to launch a digital insurance product which is expected to reduce the cost of insurance for car buyers of Luminar-equipped vehicles. Luminar expects to be licensed to sell insurance in 13 states by the end of the year and plans to expand internationally starting next year. The collision scenarios used in their study are drawn from Swiss Re's accidents database and is based on real-world accidents statistics with 1 billion vehicle years of exposure and 70 million claims.

Partnering with Applied Intuition to Accelerate ADAS and AD Deployment with Automakers

Luminar announces a new partnership with Applied Intuition, a leading Silicon Valley-based vehicle software developer. In the initial phase of the partnership, the two companies plan to offer a joint hardware and software solution for automakers to test and validate assisted driving and automated driving perception systems using Applied Intuition’s physics-based sensor simulator, Sensor Sim, with integrated sensor models of Luminar’s LiDAR. Automakers will be able to accurately test and validate Luminar’s LiDAR-based software systems in virtual environments while reducing testing cost and accelerating time to market.