Magneti Marelli has acquired a stake in LeddarTech – a Canadiam LiDAR (Light Detection And Ranging) technology specialist.
Magneti Marelli also said it has entered into a technical and commercial cooperation agreement with the firm.
LeddarTech specializes in solid-state LiDAR systems that use infrared light to monitor the area around them.
Magneti Marelli and LeddarTech plan to jointly develop complete LiDAR systems aimed at autonomous driving applications and destined for integration in automotive lighting products for OEMs worldwide.
LiDAR is a sensor technology based on laser light that – in combination with cameras and radar – will enable autonomous driving levels 2 through 5 (from partial to full driving automation, as defined by SAE International’s standard).
“Our know-how in high-end lighting technologies paves the way to new applications aimed at autonomous driving systems, which will be crucial in the future of automotive,” said Pietro Gorlier, CEO of Magneti Marelli.
“The investment in LeddarTech, with its proven and proprietary competence in solid-state LiDAR sensors, provides Magneti Marelli with the opportunity to partner with a technology leader with key expertise in this strategically important sector.”
Autonomous driving requires a range of sensors to provide information which enables the car to understand and navigate the environment. LiDAR technology is particularly suitable due to its advanced features, including precise object localization and multiple objects detection even if they are moving, or in difficult lighting and weather conditions.
LeddarTech was founded in 2007 and is based in Quebec City.