Ouster-Velodyne Merger Further Consolidates Lidar Industry

“We’re thrilled to have completed the merger with Velodyne so quickly, further boosting our financial position and our ability to accelerate lidar adoption,” said Angus Pacala, CEO of Ouster in a statement. “Together, we have an even stronger team backed by a healthy balance sheet, new channel partners, and a wide selection of positive-margin products to serve a diverse set of customers and win more deals than ever before.

On track to exceed previously projected annualized operating expenditure synergies of $75 million, compared to standalone cost structures as of September 30, 2022, within 9 months. For fast-growing Ouster the merger with Velodyne is another move in building its role in the hyper-competitive Lidar sector.of Sense Photonics, as it formally established the Ouster Automotive division. At the time, the company said acquiring 100% of Sense accelerated its solid state digital Lidar roadmap by 12 months.

The REV7 is aimed at robotaxis, shuttles, buses and trucks where short, mid, and long-range lidar sensors are needed for autonomous vehicles operating at SAE Level 4.lidar perception platform providing the ability to detect, classify, and track moving objects in real-time using the 3D data from a single or multiple fused Ouster lidar sensors.

Ouster plans to provide more details on the plan to integrate Velodyne on March 23 during a conference call to discuss 2022 fourth quarter and full year financial results.

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