HoloMatic: Velodyne LiDAR Partners HoloMatic to Provide Autonomous Parking Service

Velodyne LiDAR announced that it has provided LiDAR sensors for a new autonomous driving technology from HoloMatic to provide autonomous parking service to free travelers from the burden of time-consuming searches for parking spots. The HoloMatic system, called HoloParking, is China's first smart valet parking solution that operates 24/7 and in all weather conditions. Unlike parking assistance systems, HoloParking does not require the vehicle to be driven next to a parking spot. Rather, it allows a driver to leave a vehicle at the entrance of the parking lot. U...