ES90 unveiled, Luminar Halo overview, NVIDIA GTC conference, TechAD in Germany, Gatik accelerates production, Q4 earnings and our new Caterpillar contract in our March 2025 Monthly Wrap-Up.

Luminar Technology Selected on New, Fully Electric Volvo ES90

On March 5th Volvo Cars unveiled its new ES90—the second global production vehicle to feature Luminar’s LiDAR technology in the roofline.

Luminar was the world’s first and only LiDAR technology to be standardized on a global production vehicle with the introduction of the Volvo EX90 last year.

“The Iris LiDAR on ES90 will complement an advanced set of sensors and enable exceptional perception to help keep everyone safe inside and around the car," said Alwin Bakkenes, Head of Software Engineering, Volvo Cars. "The selection of the Iris LiDAR builds on our partnership with Luminar and our shared commitment to automotive safety.”

Luminar’s LiDAR technology does not rely on light like a camera, which makes it especially superior at night, where a disproportionate number of accidents may occur. It can detect pedestrians at up to 250-meter distances and something as small and dark as a tire on a black road 120 meters ahead, all while traveling at highway speeds.

The introduction of the Volvo ES90 with Luminar’s Iris LiDAR will expose a new set of car buyers to Luminar’s safety critical technology and reinforces the shared commitment between Volvo Cars and Luminar to automotive safety.

Read the full press release here: https://www.luminartech.com/updates/luminar-technology-selected-on-new-fully-electric-volvo-es90

Luminar Team Talks Luminar Halo

Last month we went behind the scenes with the Luminar team to talk all things Luminar Halo.

Luminar Halo, our latest generation of automotive grade LiDAR, was designed to deliver unmatched performance in the smallest possible package. Compared to our industry leading Iris sensor, the Luminar Halo sensor platform is 1/3 the size but can deliver up to 4x the performance, enabling Luminar Halo to be placed in the vehicle roofline or behind the windshield.

These innovations will be key in unlocking the potential to make millions of consumer vehicles nearly uncrashable.

Learn more about the development of Luminar Halo straight from the Luminar Technologies team: https://youtu.be/mzUfi6zf8QU?si=h0zZSRA43dHNmXx-

NVIDIA GTC 2025 Conference

NVIDIA GTC is hosted annually, bringing together thousands of developers, engineers, and business leaders to explore how AI and accelerated computing are helping address some of humanity's most difficult challenges.

Exhibitors at NVIDIA's GTC are by invitation only, and Luminar was on full display. The team conducted demos of our Sentinel Evaluation Kits which provide automakers with a turnkey solution for evaluating Luminar’s software suite for integration into future advanced safety and autonomous driving programs.

And for the first time this year, visitors at NVIDIA’s GTC 2025 conference were able experience the 3D map Luminar LiDAR creates with a VR headset from inside a Volvo EX90.

With help from our partners at Volvo Cars and NVIDIA, the Luminar team conducted hundreds of demos of our LiDAR technology for attendees from across the globe. Thanks to all who came out to see us at the show and we look forward to NVIDIA GTC 2026!

TechAD in Germany

Members of the Luminar team recently supported the TechAD conference in Berlin, Germany. TechAD brings together a wide range of engineers and automotive experts from OEMs, Tier 1s, suppliers and leading research institutes to discuss all things Autonomous Driving (AD) and Advanced Driver Assistance Systems (ADAS).

Gatik Accelerates Level 4 Autonomous Truck Production

In March, our partners at Gatik announced they are collaborating with NVIDIA to accelerate mass production of Gatik's Level 4 Autonomous Trucks--each of which are equipped with four Luminar Iris sensors.

Gatik is the leader in autonomous middle-mile logistics and supports the needs of a variety of Fortune 500 customers, including Walmart, Kroger and Tyson Foods.

Check out their full release here: https://gatik.ai/news/press-releases/gatik-collaboration-with-nvidia/

Quarterly Business Update

Luminar hosted our Q4, 2024 Earnings Call on Thursday, March 20th. The team reported Q4 revenue up 45% quarter over quarter, exceeding forecasts, as well as gross margin and operating expenditure improvements.

The team also provided general business updates, including our ongoing relationships with Volvo Cars, Mercedes and Nissan, as well as new contracts and what to expect in the months ahead.

A full replay of the call including the live Q&A, as well as the press release and supporting presentation, can be found here: Q4 2024 Luminar Quarterly Financial Results Update

Caterpillar to Integrate Luminar's LiDAR Technology into Next-Gen Autonomous Trucks

We closed out March with some big news as we announced Luminar's LiDAR technology will be integrated into Caterpillar's next-gen autonomous off-highway trucks.

Luminar’s LiDAR technology will be introduced as part of Caterpillar's Cat® Command for hauling, initially targeted for quarry and aggregate operations. Cat® Command is Caterpillar's fully autonomous solution, and the Cat® off-highway truck will feature two Iris LiDAR with a unique integration system designed exclusively for Caterpillar.

Caterpillar is an industry leader in autonomy, with autonomous trucks on three continents having traveled more than 334 million kilometers and autonomously moving more than 9.3 billion tonnes.

You can read the full press release here: https://bit.ly/CaterpillarLuminar


________________________________________

And that’s a wrap on March 2025. For real time updates follow us on LinkedIn, YouTube and X and as always, thanks for your interest and ongoing support!