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20 06 2018 01

Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology for use in autonomous vehicles.

The investment in Luminar, based in Palo Alto, California, and Orlando, Florida, deepens Volvo Cars' existing collaboration with the firm, which currently focuses on development and testing of its sensing technology on Volvo cars. LiDAR technology, which uses pulsed laser signals to detect objects, is a crucial element of creating safe autonomous vehicles.

'LiDAR is a key technology for enabling autonomous cars to navigate safely in complex traffic environments and at higher speeds,' said Henrik Green, senior vice president for research and development at Volvo Cars. 'Our collaboration with Luminar allows us to learn more about its promising technologies and takes Volvo Cars one step further to the highly autonomous cars of the future.'

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