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Swedish automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) has signed an agreement with Australian LiDAR company Baraja to industrialise its  Spectrum-Scan LiDAR technology for the next market wave of autonomous vehicle applications.

Veoneer says it chose to partner with Baraja after extensive testing, as Baraja offers ‘robust technology and a roadmap that lends itself to be amongst the smallest size lidars to enable vehicle integration’.

Baraja’s Spectrum-Scan LiDAR offers higher reliability and lower cost. Baraja’s RMCW (Random Modulation Continuous Wave) technology enables industry interference rejection and the ability to measure instantaneous velocity which distinguishes it from traditional Time of Flight (ToF) approaches.

The Sydney-based company has tested its LiDAR in the harshest conditions, from the Australian outback to arctic tundra, to ensure it works in any condition.

This technology will be complimented with Veoneer’s industry experience in developing automotive grade sensing solutions for driver assistance and autonomy applications.

Jan Carlson, Chairman, President and CEO of Veoneer, says: “Veoneer is committed to offering safe, robust, high-quality sensor solutions to vehicle manufacturers globally. We have performed extensive research among 70 LiDAR technology companies globally, and have come to the conclusion that by partnering with Baraja, Veoneer will be able to offer and integrate scalable automotive-grade LiDAR-sensors in future cars, at competitive prices.” 

Federico Collarte, Founder & CEO of Baraja, adds: “Veoneer is a natural partner for us.  We built our Spectrum-Scan™ technology to enable autonomous driving that is safer, more accessible and ready today for the next generation of vehicles. By combining our technology with Veoneer’s vast experience in automotive design and platform integration, this partnership helps ensure the world’s leading automotive brands can bring that autonomous reality to more people.” 

Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries.

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