Ouster and Velodyne agree to merger, signaling consolidation in lidar industry

Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4.
The merger comes as many in the industry, including autonomous vehicle technology company Cruise’s CEO Kyle Vogt, have been expecting another round of consolidation in the lidar space. That’s in part because there are too many lidar companies for how many OEMs are implementing the sensor for autonomous driving applications. It’s

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