Connect with us

Published

on

Global automotive tech company and lidar specialist Luminar Technologies hosted its annual Luminar Day event at its headquarters in Orlando, Florida, today, offering a slew of updates on its progress. This includes new lidar like its Iris+ sensor, a more clear product roadmap bolstered by a new high-volume production facility in North America, and consolidated subsidiaries into a new semiconductor business. Lots to unfold here, so let’s get started.

If you weren’t already aware, Luminar Technologies Inc. ($LAZR) is an automotive component company founded in 2012 that has established itself as one of the industry leaders in lidar and machine perception technology.

We first learned of Luminar’s Iris lidar sensor following a $100 million funding round it received in 2019 before going public via SPAC deal in the summer of 2020. At the time, Luminar’s Iris lidar was being implemented in Volvo Cars vehicles as a prime component in the automaker’s Highway Pilot self-driving feature.

Volvo has continued to expand its relationship with Luminar over the years, showcasing the latter’s lidar sensor technology in its upcoming EX90 SUV – an EV Volvo is already hailing as the safest it has ever produced. Volvo brand Polestar has also tapped Luminar for its EVs beginning with the Polestar 3 SUV.

Just last week, Mercedes-Benz announced an expansion of its existing partnership with Luminar with an investment reportedly in the “multi-billions,” which will enable it to implement Luminar’s next-generation sensor technology, Iris+, into all future Mercedes-Benz models.

During its Luminar Day event held today, the company officially unveiled the long-anticipated Iris+ lidar sensor as well as several other key updates to its business strategy.

Luminar Day filled with several key announcements

Today’s Luminar Day event was so full of news, the company delivered three separate press releases in addition to the live webcast from its Orland HQ you can view in its entirety below. There’s a lot to unfold here, but here are some of the main takeaways from today’s live event which included words from CEOs at Volvo Cars, Daimler Truck, Polestar, and Pony.ai.

First things first. As we hinted at last week, Luminar officially revealed its Iris+ lidar sensor (seen above) and stated it is already demonstrating its capabilities at its new long-range validation facility that is over 300 meters long. To that note, Luminar believes its the largest ranging facility on the planet.

Iris+ offers a slimmer profile for more seamless integration into EV rooflines compared to its predecessor and has already begun shipping to its “lead customer” (Mercedes?). Iris+ is expected to hit series production vehicle integration in 2025.

In addition to Iris+, Luminar Day also introduced a next-generation lidar sensor that will follow in coming years, using technology gained from the January acquisition of data storage solutions provider Seagate. Founder and CEO Austin Russell spoke about the company’s progress during Luminar Day:

We made a big bet early on, and today it’s more clear than ever the industry has aligned to our products and roadmap for enhancing (not replacing) drivers with next-generation safety and autonomy. As of today, Luminar is now planned into over twenty production vehicle models from automakers. At Luminar Day, both our executives and valued partners are all here to show that we’re not only leading in this new era, but also successfully executing our plans across hardware, software, industrialization, commercial partnerships, and beyond.

During Luminar Day, the company relayed is lidar technology is now planned to be implemented in over 20 production vehicles across multiple automakers, expected to garner at least triple-digit revenue growth each year for the next five years.

To support the growing number of automotive partners adapting its technology, the company shared industrialization plans with those partners to initiate its next phase in scaled production. During Luminar Day, the company announced a new dedicated, high-volume manufacturing facility coming to Mexico, expected to begin operations in Q2 of this year. To begin, the facility will perform “rigorous validation” throughout the second half of 2023 to meet automaker’s standards.

Another key announcement during Luminar Day was the establishment of a new unified entity called Luminar Semiconductor. The new in-house semiconductor business is the integration of the company’s three-chip design subsidiaries – Black Forest Engineering, Optogration, and Freedom Photonics. Per the release:

Luminar’s strategy to bring these advanced receiver, laser and processing chip technologies in-house has enabled its unmatched lidar performance while further securing and industrializing the lidar supply chain. The company is leveraging this investment in its high-performance, specialized semiconductors beyond lidar, and Luminar Semiconductor is already powering applications for customers across a broad range of sectors from communications to medical to aerospace.

Luminar’s AI Engine: Credit: Luminar Technologies

Here are some other key announcements made during the event today:

  • Luminar plans to use all its captured 3D data to serve its AI engine into a robust dataset.
    • Scale.ai and Luminar are partnering to “supercharge” the latter’s AI engine to use HD mapping and construct a 3D model in the driveable world. Scale.ai becomes the lidar company’s exclusive provider of data labeling and AI tools.
  • Luminar announced a commercial agreement with Pony.ai to utilize the former’s hardware and software in its commercial trucking and robotaxi platforms, targeted for 2025.
  • Reinsurance provider Swiss Re and Luminar announce an exclusive partnership to quantify the latter’s on-road safety improvements and their impact on lowering insurance rates for drivers.

Following today’s Luminar Day event, the company said it intends to post its Q4 and full 2022 financial results including a business outlook for 2023 (as if all of today’s news wasn’t enough). You can view today’s webcast in its entirety below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Quick Charge | hydrogen hype falls flat amid very public failures

Published

on

By

Quick Charge | hydrogen hype falls flat amid very public failures

On today’s hyped up hydrogen episode of Quick Charge, we look at some of the fuel’s recent failures and billion dollar bungles as the fuel cell crowd continues to lose the credibility race against a rapidly evolving battery electric market.

We’re taking a look at some of the recent hydrogen failures of 2025 – including nine-figure product cancellations in the US and Korea, a series of simultaneous bus failures in Poland, and European executives, experts, and economists calling for EU governments to ditch hydrogen and focus on the deployment of a more widespread electric trucking infrastructure.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Advertisement – scroll for more content

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Looking for an EV lease under $200 a month? Here’s what’s available in April

Published

on

By

Looking for an EV lease under 0 a month? Here's what's available in April

Believe it or not, you can lease an EV for under $200 a month. New deals on models like the 2025 Hyundai IONIQ 5 and Kia EV6 are hard to pass up this month.

Electric vehicles have been all over the news lately, with the Trump administration threatening to end federal incentives and introducing new tariffs that are expected to lead to higher prices.

On the positive side, new EV models are arriving, giving buyers more options and driving prices down. Many automakers reported record US electric car sales in the first three months of 2024.

GM remained the number two seller of EVs behind Tesla after sales doubled in Q1 2025. With the new Equinox, Blazer, and Silverado EVs rolling out, Chevy is now the fastest-growing EV brand in the US. Ford’s Mustang Mach-E is off to its best sales start since launching, with over 11,600 models sold in the first quarter.

Advertisement – scroll for more content

With the 2025 models rolling out and about 15 new EVs arriving this year, many automakers are introducing steep discounts to move vehicles off the lot.

EVs-lease-$200-April
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)

EVs for lease for under $200 a month in April

Although the decade-old Nissan LEAF remains one of the most affordable this April at just $149 per month, there are a few EVs under $200 right now that are worth taking a look at.

The new 2025 Hyundai IONIQ might be the best EV deal this month, with leases as low as $199. Hyundai is currently promoting a 24-month lease deal with $3,999 due at signing.

EVs-lease-$200-April
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

Hyundai upgraded the electric SUV with a bigger battery for more range (now up to 318 miles), a sleek new look inside and out, and it now comes with an NACS port so you can charge it at Tesla Superchargers.

The offer is for the IONIQ 5 SE RWD Standard Range, which has a driving range of up to 245 miles. For just $229 a month, you can snag the SE RWD model, which has a range of up to 318 miles and a more powerful (225 horsepower) electric motor. It’s also a 24-month lease with $3,999 due at signing.

Hyundai-2025-IONIQ-5-interior
2025 Hyundai IONIQ 5 Limited interior (Source: Hyundai)

To sweeten the deal, Hyundai is offering a free ChargePoint Home Flex Level 2 EV charger with the purchase or lease of any 2024 or 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.

After slashing lease prices this month, the 2025 Nissan Ariya is actually cheaper than the LEAF in some regions. In Southern California, the 2025 Nissan Ariya Evolve AWD is listed at just $129 per month. The AWD model has a range of up to 272 miles.

EVs-lease-$200-April
2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

The deal is for 36 months, with $4,409 due at signing. In April, Nissan cut Ariya lease prices to around $239 in most other parts of the country.

Kia has a few EVs available to lease for under $200 a month in April. The 2025 Kia Niro EV Wind is listed at just $129 for 24 months, with $3,999 due at signing. Kia’s crossover SUV has EPA-estimated range of 253 miles.

EVs-lease-$200-April
2024 Kia EV6 (Source: Kia)

The 2024 EV6 may be worth considering at just $179 for 24 months ($3,999 due at signing). In California, the EV6 Light Long Range RWD is only slightly more than the Niro Wind.

In most other parts of the country, you can still find the EV6 for under $200 a month. The Light Long Range RWD trim offers up to 310 miles of EPA-estimated range.

Lease Price Term
(months)
Amount Due at Signing Driving Range
2025 Hyundai IONIQ 5 SE RWD Standard Range $199 24 $3,999 245 miles
2024 Kia EV6 Light Long Rang RWD $179 24 $3,999 310 miles
2024 Kia Niro EV Wind $129 24 $3,999 253 miles
2025 Nissan Ariya Evolve AWD $129 36 $4,409 272 miles
2025 Nissan LEAF S FWD $149 36 $2,629 149 miles
2024 Fiat 500 INSPI(RED) $199 24 $2,999 149 miles
EVs for lease for under $200 a month in April 2025

And don’t forget the 2024 Fiat 500e, which is now listed at just $199 for 24 months with $2,999 due at signing. The electric hatchback offers a range of up to 149 miles.

If you are looking to spend a little more, check out our list of EVs you can lease for under $300 a month.

Ready to snag the savings while they are still here? At under $200 a month, some of these EV lease deals are hard to pass up right now. Check out our links below to find deals in your area.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

The US’s first solar panels over canals pilot is now online [video]

Published

on

By

The US’s first solar panels over canals pilot is now online [video]

Project Nexus, the first solar panel canopies over irrigation canals in the US, is now online in California, and there are plans to expand the project to other areas.

Project Nexus is a $20 million pilot in central California’s Turlock Irrigation District launched in October 2022. The project team is exploring solar over canal design, deployment, and co-benefits using canal infrastructure and the electrical grid.

India already has solar panels over canals, but Project Nexus is the first of its kind in the US.

The Turlock Irrigation District was the first irrigation district formed in California in 1887. It provides irrigation water to 4,700 growers who farm around 150,000 acres in the San Joaquin Valley.

Advertisement – scroll for more content

Project Nexus will explore whether the solar panels reduce water evaporation as a result of midday shade and wind mitigation, create improvements to water quality through reduced vegetative growth, reduce canal maintenance as a result of reduced vegetative growth, and, of course, generate renewable electricity.

The California Department of Water Resources, utility company Turlock Irrigation District, Marin County, California-based water and energy project developer Solar AquaGrid, and The University of California, Merced, are partnering on the pilot. Project Nexus originated from a 2021 research project led by UC Merced alumna and project scientist Brandi McKuin.

Solar panels were installed at two sites over both wide- and narrow-span sections of Turlock Irrigation District canals in Stanislaus County, in various orientations. The sections range from 20 feet wide to 100 feet wide. University of California, Merced has positioned research equipment at both sites to collect baseline data so the researchers can decide where solar will work and where it won’t.

In February 2023, Project Nexus announced it would also deploy long-term iron flow battery storage in the form of two ESS 75kW turnkey “Energy Warehouse” batteries.

You can learn more about Project Nexus here:

Read more: In a US first, California will pilot solar-panel canopies over canals


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending