Quanergy Systems: Breaking the Cost Barrier of LiDAR Sensors

Time-of-flight LiDAR (light detection and ranging)—the most capable sensors for real-time 3D mapping and object recognition—has already set its benchmark in various industries. However, it is often difficult to find dependable, precise, and affordable LiDAR sensors in the market. The price range for LiDARs has been high—ranging from $10,000 to $200,000. In a bid to reduce this price and expand the use of LiDAR-based smart sensing solutions for object identification, tracking, and classification, Quanergy Systems came into being.

Headquartered in Sunnyvale, CA, Quanergy Systems offers cost effective LiDAR sensors and LiDAR-based sensing systems. The company provides four crucial commercialization metrics: cost, performance, reliability, and size for the next generation LiDAR sensors across multiple industries. “Our solutions are based on our expertise in the area of solid state sensing, which allows sales price to drop in volume below $100,” says Dr. Louay Eldada, CEO at Quanergy Systems. These sensors have industry-leading features including a range of 300 meters, centimeter accuracy, 360-degree field of view, high dynamic range under various weather conditions, compact size, light weight, and low power consumption. Spearheading the robotics revolution, the company’s LiDAR-based sensing systems comprise multiple sensors, a central processor, and artificial intelligence software.

With its high performance terrestrial and aerial LiDAR, Quanergy finds success by bringing advanced vehicle technologies to the market on an extremely different trajectory. In the automotive space, the inexpensive LiDAR sensors help facilitate expansive deployment of sophisticated driver assistance systems (ADAS) and independent driving systems. The safety-enabling sensing systems could be connected to Electronic Control Units (ECUs) to activate the brakes, accelerators, steering, signaling in vehicles. When OEMs are ready and legislation is supportive, this technology could provide both the sensing and the controls needed to support various levels of vehicle automation. With 80 percent of transportation accidents being preventable with this technology, Quanergy is fetching it to the masses.