Volvo Announces Investment In LIDAR Company
According to Automotive News, Volvo wants one-third of their deliveries to be autonomous vehicles by 2025.
But Volvo has a long way to go before they reach that lofty goal.
That's why the Swedish automaker launched a tech fund to investment collaborators and partners for developing autonomous vehicles.
Their latest investment will go to Luminar, a Palo Alto-based company that makes LIDAR systems for fully automated driving.