Ouster, Maker Of Self-Driving Tech, Agrees $1.9 Billion Deal To Go Public
Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles and extending to areas such as drones, smart cities and robotics, according to company co-founder and Chief Executive Angus Pacala. By Reuters | Published:
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Ouster sees its digital lidar technology as having practical applications beyond autonomous vehicles.
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.The deal values San Francisco-based Ouster at around $1.9 billion and makes it the fifth lidar manufacturer this year to agree a SPAC merger to go pub
Ouster going public in SPAC deal, with goal to put lidar on every vehicle on Earth autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
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Ouster, maker of self-driving tech, agrees US$1.9 billion deal to go public Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
FILE PHOTO: A car outfitted with Ouster s lidar, used in scanning the area on a self-driving vehicle, is parked at the technology company s office in San Francisco, California, U.S., September 5, 2019. Picture taken September 5, 2019. REUTERS/Jane Lanhee Lee