 What's up money geeks Mr. V here. Welcome to another video guys. So into this video I want to introduce you guys to this company called Lumina This is a company that is actually in the business of building lighter technology again You're probably asking yourself. What is lighter technology? This is a technology that is widely used in self-driving cars or autonomous vehicles. So this company is one of the leading companies in that space building that technology for All the other companies that are building self-driving cars So we're gonna take a look at this company and the reason I want us to talk about this company today is because these guys are They've actually In conversation right now with a spark company called Gores Metropolis They're going public through a reverse merger again. This is a year of the SPAC So most companies again, they're trying to get go public through using a spark company So these guys are no different from that again a lot of EV cars have done that this year And I don't think it's gonna stop it's just gonna keep continuing So but before we get started guys for you new to the channel we took about hard to earn money I'll just save money how to invest and build wealth. So if that's something that interests you Go ahead and hit that subscribe button and any notification belt so you don't miss out on new content So this company again, like I said, it's in the process of going public through a reverse merger with Gores Metropolis so and in the anticipated closed date would be Full end by the end of fourth quarter of 2020. So that should be coming up here soon So that's what I kind of bring it up to you guys. So again, if you look at most EV cars We've gone through the process of you know Gasoline cars now to electric cars the next logical step in that process of car evolution is Autonomous vehicles. We know that the technology is you know kind of out there But not good enough to the point where people trust it that you can actually Stand and see a car go down the street with nobody sitting in it. We're not there yet companies like Tesla are actively building Autonomous vehicles or autonomous technology Zooks is another big one which we did a review here on the channel So there's there's a lot of these companies out there trying to build that these autonomous vehicles But in terms of the technology that's used widely used to help these autonomous vehicles See or get a 360 around the vehicles be able to measure distance or identify other objects or other vehicles around them lighter technology is Huge in that space and Luminar is really really on the forefront of the technology and actually leading that space So let's take a look in depth into the company Look at no mainly the structure that what they're building And we'll look at their time the time frame. When do we anticipate to start seeing some of these? products out there and We'll go from then I'll give you guys my kind of my feedback or what I think if I'm gonna be buying some of these I'll buy in the shares of these Spark company or I'm just gonna wait and see what happens. So let's jump right in so again This is the you know, just a kind of the investor presentation that this guy's put together So I kind of want to walk you guys through it and just see From no for again from an investor standpoint if it does make sense Before we can start thinking of we want to invest in the company's name is Luminar their website is pretty much out there if you can just go go there You can go check them out and see what they are building just for transparency again These guys do not manufacture vehicles. They are in the business of making Lighter technology not building cars. They they can retrofit their lighter technology into different vehicles But they don't actually build the vehicles just so we know Again, this is your kind of if you don't know what lighter technology is This is again, like I said is the technology that is used for autonomous vehicles to be able to measure distance identify Objects and stuff I get around the vehicle gives that the vehicle that kind of a 360 view That's required for autonomous vehicles, you know a self-driving car You should be able to know exactly what's going on around you 360 So this is the technology that is widely used for that and I see this right now This is not like a short-term investment This is definitely a long-term investment because we are nowhere close to really Seeing cars drive down the street. So that's gonna be a little bit Longer, but if you invest now it's like Tesla if you invest now These are the technology is gonna be leading maybe four five six ten years from today So if you went in early, you might be ripping some good benefits from that. So again, this is just kind of like a team That's leading There are Lumina team and stuff like that. I'm not gonna go into the details of this You can actually take your time and read it so this Metropolis is the spark company that is actually Taking this guy's public again. If you are new to the channel We've talked about Spax here on the channel Spax are just a special purpose acquisition companies that But put together With the intention of raising capital to go out and acquire Maybe a good company that has a good service or good product and take them public and in the process Make the investors a ton of money. So that's what spark is all about. So this is gold metropolis and this is what It is to kind of talk a little bit about them So I'm not gonna go in-depth as to what they're doing in terms of Again, you just raise capital to go find good companies to take public So just kind of overview. So if there are the lighter technology right now With Lumina, this is how it sees is surrounding. That's why you see the green and red and all these different things. It looks weird but AI and in the actual technology is ever to identify those different objects and Tell which one is moving which was stationary which one is a car which one is a person or motorcycle. It's pretty smart I love it. So again, this is kind of like they're the foundation for growth Just telling you how things have actually evolved over the years So our focus right now is somewhere around the 2020 mark the way they have about They've signed about 50 Partners to kind of test their technology So they'll take these vehicles or trucks or whatever retrofit that technology into it and then send it out there and just kind of test it and see how Everything is working. So if you see here this straight, I mean founded by Austin Russell 2012 to 2013 and now we're talking about 2020 and they are in the process obviously a going public One of the things I see I I saw here that was pretty interesting is the fact that The partnerships grew from four in 2017 to over 50 in 2020 Which means that more and more people are starting to recognize them as a leader in that space and that's why they're getting All these partnerships again, you see Key companies like Volvo that's huge Coming on board with them. So I kind of like that and then 350 plus teams across, you know, the global footprint, which is nice is not just base Out of here When I say here in the United States. Oh, so then this is kind of the investment highlight. I'm not gonna go through this Again, this is just some some of the way they are approaching this. So if you look at Here you look at the way the technology is being deployed I you know, it's across all Very cars. So we have certain things of vehicles So you have passenger vehicles you have trucking and then you have like taxi, which in this case Robo taxis, which is in this case It might maybe a company's like Uber or left are gonna come into place So Volvo see how he only covers the front and then you look at a truck It covers partially not completely but look at his taxes Robo taxis. It's like a 360 view That the LiDAR technology provides which is which is pretty awesome. So again, this is Irish Is their main product that they're working on and there's hopefully they should be coming out here at the end of Ford quarter in going into first quarter of 2021. So I'm pretty excited for it. So Let's move on to the next Again, just some in-depth information in terms of safety Time and value and all that good stuff Which we all know again guys just just so you're aware again, this is a startup company So I'm not anticipating That you're gonna see a ton of like hey, we're looking at your financiers and stuff like that What we're looking for here and what I'm looking for in particular is Basic there's a problem and they have a solution There's a need and they're fulfilling that they're fulfilling that need in the marketplace So we are in need of autonomous vehicles And we need LiDAR technology to be able to give us that full vision around the vehicle that drives down the street And be able to identify objects and measure distance between objects know where to stop and all those good things So this to me that's the problem and they have a solution So that's how I look at it because if you want to look at the numbers and go in-depth like PE ratios And other stuff you are just gonna like run away from this company, but but if you look at hey There is an opportunity then you can definitely start thinking about You know, maybe investing in a company like this, which is awesome So again, this is just kind of the sensors and stuff like that I'm not gonna go into it like the different colors This is just again for anybody that's looking this is just being like some of the nuances that we would see So here to come by the global new vehicle market Unit in millions. So if you look at a hay in in 2020, you're talking about It again, this is a million eight million in by 2030 You're thinking about so you go from there are 52 million by 2030 and then L3 and L4 highway Autonomy would be 14 million and then you have L4 and L5 full urban autonomy would be about 2 million if I read that correctly. So the reason the actual market for it It's just getting started. But now if you look at by 2040 you're thinking that Autonomous vehicles will have about they'll be selling about 20 2 million vehicles a year, which is If you think about it from that perspective, it's kind of crazy and then luminaries, you know In this case, how are they positioning themselves to tap into that market and make a ton of money? So again, this is in billion so by 2020 for billion 2030 150 and by 2040 Over 500 billion mean that's a lot of money But again again, like I said guys, there is a there is a need in the marketplace and these guys are out to To solve that need which is what we were looking for. So again, this is Working with your partners and so it's not just like hey, you have this technology They are actually working with partners now to build the technology in the vehicles They have they have the option of retrofitting vehicles But now the technology is solid enough in to the point where a company like Volvo is actually Installing the the technology in their vehicles before in production before they even leave the manufacturing plant So tell me I think this is this is huge. It would help them improve collect a ton of data and prove by the technology and make it even better So I think it's great again industry leading performance Unlocking safe autonomy again. This is just some of the good stuff that you would see as far as using the technology You can read in in depth about it on your website. They really have a good amount of information. So kind of Do you this is them compared to? Other companies that are actually building stuff like this. You can see that they have More advanced in terms of all the other features that again I'm not a lighter expect so please don't even try to quote me on this But it would I see here in reading through the presentation and what when they presented it is saying like hey We are we are head of our closest competition wish to me that speaks volume. So and then Maintaining and accelerating competitive advantage, which is what I would expect again for a startup company This is good news that you guys are thinking about staying Not just maintaining but staying ahead of your competition. I like that You know autonomous vehicle landscape right now. Are you looking at a ton of companies that might Want to get into the space? So I'm thinking like Uber lived Just around the city that would probably be the easiest to start with and then you start seeing companies That would be doing stuff on on highways and even what about car renters at least that's the one that actually thought about it, but I guess I didn't I didn't see it here but If you think about car renters you go you get to the airport you get a rental car that Autonomous you are tired. You can just lay in the back take a nap and it takes you to your hotel You don't have to worry about navigating through the streets of a town or city that you have no idea or using GPS or you have to do just put your your in your hotel address and it will take you right there You can lay back and relax. I mean, I personally like that option. So And now let me ask current and not target partner ecosystem. So they're talking about passenger vehicles Right now seven of top 10 Kind of they're working with them. Then you talk about trucking Robotaxis and then adjacent market. So I mean they really are really Moving forward. So if you see a trucking, they have Nikola So Nikola models is actually using this lighter technology from these guys. You have Volvo trucks Again GM you have Nissan Volvo Toyota All the guys this is this is where you should be taking this very serious Because if you look at the passenger vehicles when you look at the partners that they have here, man Um, they're all these companies here Neo all these companies the fact that they're leveraging this technology meets one of those companies Make it these guys are gonna make it and this is a company that you're not gonna see or hear about them a ton because they operate Behind the scenes. They don't really build the physical cars, but they operate behind the scene is the scene So I mean, I'm really starting to to Know like what would I see what like what I saw? So this is the timeline of the product again anticipating That by you know, maybe they wanted the average that I told you these They one of the products they want that to get out sometime by 2022 so 2022 Q3 that series should be in production. That is the anticipated time that they have on here So I'm excited about it again financial highlight In terms of, you know revenue, this is this is again This is a startup company. So take this with a grain of salt Don't look at this here and be like whoa, whoa, whoa, don't panic yet. So this is again This is all a lot of it is just estimate, right? So it's about the hardware and the software. So 2020 I think estimated about 15 million 20 21 26 million 2022 35 million 20 23 124 and you can see the breakdown between hardware and software as It continues to go up. So by 20 25, they're looking somewhere about 830 7 million kind of split between software and hardware, which is good. So I then then The sensor unit sales again right now They're not really doing anything at a ton of sales because again, this is the startup and Autonomous vehicles is not really a thing that people are super excited about yet But we are getting there. So take all these the finances here with Green assault like I said and then a transaction of a view. So this is basically the transaction between Gores metropolis and Luminar so again, this is the evaluation here fully diluted pro former equity value of about 3.4 billion Assuming 488 million in net cash at closing. So I mean, that's good. The fact that you'll have that that money You know to actually help them fast forward their R&D fast forward their prototyping and fast forward their production. That's good So this is cash coming in because otherwise you would have to go Public list and then try to raise capital But a gourmetropolis already has money that they're bringing and giving these guys to you know, kind of help them go pop go Go to the market faster than they would normally go if they were to go the traditional route So that's one of the advantages that I see for using SPAC technology to go public So again, they've mentioned here that once this is concluded gore metropolis. They are ticker symbol is going to change to LAZ are as you can see here an expected close date Q4 of 2020 so that is something that it should be coming up anytime soon And that's one of the reasons why I wanted to put this video out there So you guys can definitely go do some research on this company Make sure that you have an idea and if that's something that you guys are interested in so Transaction result in five hundred and twenty million of cash on the balance sheet To fund growth wish to me that is what they is company is looking for so it's great news for them. So again this is the no alumina is the leading company in In lighter technology and you have that's you see why they have a lot of partners that are willing to work with them The ticket symbol right now for gore metropolis. If you are interested when they go check them out is gm hi gore metropolis and then once the transaction is concluded the ticket symbol is going to change to la Z are as you see here and then expected to close Q4 of 2020 so again, that is something that My anticipation should be coming up here Pretty soon. So as of the time when I was recording this video Gore metropolis is currently treating it about $10 and 14 cents I don't know If you I mean we can go in depth here and look at the chart. You can just see some movement I will see what the high of the stock has been and what the low has been So we do a one year chart here. So it's gone as high as about $13 and 50 cents But that's about it and then see look at that pullback. So again, it's just still Very very cheap at this point in time And so you can definitely go in depth and just take a look at this is a company It's just a spot company. So there's they're not reporting any growth. They're not reporting Any any sort of you know revenue or sales or all that good stuff So if you look at their PE ratio, you're probably not want to even attempt to touch this But again, you should understand the basics of a spot company. So Definitely go Give give them a shot. Again guys, this is the company that we're talking about here luminaire leading Start up in the space of lighter technology Right now in the process of looking to go public with Gora metropolis spack in a reverse merger. So Again, I'm going to put all these links in the description below if you want to go check out The companies and just see if is a good fit for you. So let me know the comment section guys What do you think about this company? Or let me know in the comment section Give if you're new to the channel We check about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button Any notification bell so you don't miss out on new content and also if you're looking to get started with investing guys Webo has actually out there You know They're free stock right now if you sign up and deposit a hundred dollars you get three free stocks So not one not two three free stocks value somewhere between eight dollars and 1600 dollars So definitely go check them out if you haven't already You smash that that like button It really does help the channel grow and appreciate it and as always guys Stay motivated