The Path to Series Production: Q4 Update - YouTube

The challenge of actually making it something that is

available to everyone on all forms of transportation

and beyond, it's a...

It's an incredible mission to be a part of.

I've been in the transportation industry my entire life and

I've actually been a part of the evolution of passive safety

to now proactive safety and ultimately to autonomy.

Complexities are even larger than they were, let's say,

30 years ago, because you've got all the interactions of all

these algorithms that are controlling all of these

systems that are interacting.

The decade of this very smart, intelligent group of people

working on the technology to bring it to life all along,

they've known that for a product to then have the

success of the mission, which is to prevent accidents

and save lives and drive the potential for autonomy,

means that it needs to be perfect.

There is no room for errors.

We have been working on IETF certification actually for well

over a year.

It's a universal standard in the automotive industry.

From a documentation release perspective, we are

about at 80 percent.

We're looking to have our first external audit by a

registrar in 2022.

So it's quite a journey.

It drives higher customer satisfaction,

more repeatable control over your business and

your business results.

When we started the development of this technology, I don't

think anyone anticipated how well-received it would have

been in the industry.

I think our suppliers so far have seen through the recent

build activity that we're doing, that we're the

closest in the industry to a production environment.

Luminar acquired Black Forest Engineering in 2017, and then

we recently acquired Optogration.

And by bringing in this technology in-house, we're able

to vertically integrate those components and those design

aspects into our function, which gives Luminar an

extreme competitive edge.

And as we scale, the business, will lead

to further opportunities.

We've tapped these suppliers based on their

technical capabilities, their manufacturing footprint

and their location around the world to optimize our supply chains.

Through the Volvo project,

we're finally able to achieve a process of standardization that

will be able to carry on to other vehicle platforms

and other customers.

And by doing this, this gives us a competitive leverage by

optimizing that design through billions of vehicle

opportunities to maximize the cost,

performance and benefits.

One of the key attributes to our design is creating

components that are going to lead the market, lead the

industry going forward in this technology, it gives us an

edge because we manage our own technology at this point.

We have complete interface on how we do our designs, how we

need to manufacture the product.

They're fully integrated in terms of our cost structures

and cost expectations going forward.

And then we have much more control on how we achieve

economies of scale with them as we go forward.

What we've done to secure our supply chain, even though our

designs have recently been frozen, we were very

successful and working with our key partners to ensure that we

had 100 percent of our product available and then also working

on activities and strategies to ensure that we've got supply

based securitization going into 2022 and also 2023.

I mean, just the the technology advancement that's occurred to

build one of these and then to be able to do so repeatedly and

then get the performance in any, you know,

being vehicle agnostic.

I mean, it's an incredible feat.

It's really one of the main reasons why I'm here.

The entire Luminar team is all about making sure that we

deliver to the commitments that we have to the variety of

customers that we have across the globe.

We know that we've got a steep challenge. We're up for the challenge.

And we'll be relentless in terms of our

commitment to ensuring that we bring a strong,

commercialized product to the market.