Commercial Scaling And FundingLate-stage contract discussions with a global top-10 automaker represent a potential multi-hundred-million-to-billion revenue opportunity while a $100 million convertible note from Apollo provides capital to accelerate commercialization.
FMCW Technology AdoptionFirst announced deployment of FMCW LiDAR in a passenger vehicle validates the technology approach and could accelerate adoption among automakers that are narrowing their vendor lists.
Production AgreementSelection by a leading European passenger-car manufacturer as the exclusive LiDAR supplier for a global production vehicle platform supports meaningful production revenue and broad market exposure outside China.