Valeo has earned $564 million worth of orders for LiDAR sensor products

Valeo, a multinational automotive technology company that is spearheading the autonomous vehicle charge, has won 500 million euros ($564 million) worth of orders for its LiDAR car sensor products with four major global auto groups. Valeo is a world leader in the manufacturing of driving assistance sensors.

With more than $1 billion in corporate and private investment going into some 50 LiDAR startups over the past three years, including a record $420 million in 2018, Valeo is investing heavily to benefit from ever-tightening emissions regulations and increasing vehicle automation.