I would be very interested to know what innovation allows them produce Lidar at this price point.
Fundraising.... I kid I kid
It's solid state LIDAR. Doesn't require the massive mechanical precision that spinning LIDAR needs.
Solid state LIDAR actually coming to market is perhaps the bigger story here. A quick look, there are a couple of companies trying to bring this to market, but this is the first off the shelf solid state LIDAR. That's a really big deal. It also means that 4th gen LIDAR should be even cheaper and more performant.