Nasdaq Data GM also could easily add the Cruise AVs to its current car rental company, Maven. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Let's take a closer look at this particular SPAC and whether it has the makings of a new potential growth stock for investors to consider.Velodyne is a leading lidar technology company that focuses on allowing cars to become self-driving by using light detection and range lasers, which are able to create a visual representation of the surrounding environment for the vehicle's computers to use as part of self-driving operations.Back in late 2018, Graf Industrial initiated its IPO effort with the specific intention of being a SPAC, which means it is a shell company (also referred to as a Velodyne will use the proceeds from the deal to capitalize its Lidar is an acronym for "light detection and ranging." It's worth pointing out that GM isn't bringing in any revenue from driverless cars right now, and that it'll likely take years before autonomous vehicles add anything to the company's bottom line. Stock Market The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. The global ride-hailing market is expected to reach $285 billion by 2030, and Waymo's early lead with its technology is already putting the company in a prime position to benefit.There's one more company that investors need to know about -- but may not have heard of -- when considering ADAS features -- like automatic braking, lane-departure warning, and automatic parking -- are all part of semi-autonomous vehicles and are the building blocks for fully self-driving cars. The advantages for GM in the driverless car space is that it's the only company to have The company converted part of its Orion Assembly plant in Michigan to add cameras, lidar, and other sensors to its Chevrolet Bolt. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

These applications, in fact, currently account for three-quarters of the company's total revenue.As already noted, becoming a public company will provide Velodyne with access to capital it needs to accelerate its expansion efforts.

Announce Business Combination to Form Leading Publicly-Traded Lidar Technology Company ... under the new ticker symbol VLDR. US Markets