Luminar Technologies develops advanced lidar systems and software essential for autonomous vehicles. Their lidar technology uses laser light to create detailed 3D maps of the environment, allowing self-driving cars to navigate safely. The company serves over 50 clients, including 8 of the top 10 global automakers like Volvo and Nissan, establishing itself as a key player in the automotive industry. Luminar's business model focuses on manufacturing and selling lidar systems to automotive manufacturers and suppliers, while also exploring applications in trucking and smart city projects. What sets Luminar apart from competitors is its strong partnerships and long-term contracts with major automotive companies, along with its commitment to meeting high performance and safety standards. The goal of Luminar Technologies is to make autonomous transportation safe and widely adopted by providing reliable lidar technology and software solutions.