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SYDNEY, Jan. 3, 2023 /PRNewswire/ -- The partnership between Baraja, creator of the innovative Spectrum-Scan™ LiDAR technology, and Veoneer, the world leader in automotive security, has been expanded with an investment by Veoneer in Baraja. This follows the recent announcement of an advanced development agreement with a major original equipment manufacturer (OEM) for automobiles. Baraja is making significant progress with the continued validation of its next-generation Spectrum HD25 LiDAR product developed specifically for automotive integration.
Veoneer's investment is clear proof from major OEMs and industry players that Spectrum HD25 continues to make strong strides towards commercialization.
Spectrum HD25 marks a generational leap for automotive LiDAR. Built on Baraja's proprietary Spectrum-Scan™ solid-state scanning platform, which was designed from the ground up to completely rethink how cars view the world around them, the Spectrum HD25 will help OEMs enable true autonomy. The LiDAR system provides the range, resolution, and performance necessary for the safe implementation of autonomous functionality, without the traditional trade-offs faced by other legacy LiDAR technologies. Spectrum HD offers the world's first LiDAR system that combines hardware-level point-Doppler capability with a tunable wavelength laser and Random Modulated Continuous Wave (RMCW) ranging method to deliver performance and accuracy. unprecedented in range and speed.
"Veoneer is a true leader in automotive safety and this investment validates the market traction of Baraja's point-to-point Doppler LiDAR technology. We welcome Veoneer's continued commitment to Baraja," said Federico Collarte, founder and CEO of Baraja. .
Veoneer initially chose to partner with Baraja after extensively testing the technology from 70 LiDAR companies. Baraja was selected based on its strong technology and product roadmap that will meet OEM specifications to enable vehicle integration. Since their partnership, Veoneer and Baraja have worked closely together, developing a strong partnership to supply LiDAR technology to global automotive OEMs.
About Deck
Baraja is building the future of LiDAR to enable the autonomous future. With its revolutionary Spectrum-Scan™ LiDAR technology, Baraja provides leading automotive companies with a fast-axis solid-state system that sets a new benchmark in precision and reliability.
Baraja was founded in 2016 by telecommunications engineers Federico Collarte and Cibby Pulikkaseril, who discovered a way to use industry-proven fiber optic photonics technology to solve the problems facing legacy LiDAR. Baraja is backed by Sequoia, Blackbird Ventures, Hitachi Construction Machinery and Main Sequence Ventures.
CONTACT: Brittney, Popa, bpopa@mbe.group
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