Waymo announced that it will be commercializing a version of its lidar for non-automotive partners. We assess the significance of this decision for direct competitors and smaller-scale lidar players.
On Wednesday, Waymo announced that it will be selling one version of its lidar hardware to non-automotive partners, including firms working on robotics, security systems, and agriculture tech.
3 big takeaways
1. Waymo’s decision to sell its lidar sensors opens up a new revenue stream for the company, beyond its robotaxi service that has yet to scale.