- Velodyne Lidar, Inc. VLDR announced its new India Design Center in Bangalore.
- The India Design Center will closely collaborate with Velodyne's engineering team in leading-edge research and development to build customer-focused solutions.
- The center's Bangalore location will enable Velodyne to cooperate with multiple automotive development centers in India closely.
- Additionally, the center will foster customer and partner opportunities in India for lidar-based solutions in automotive and new mobility.
- Parthasarathy Narasimhan will lead the center. Narasimhan has joined Velodyne as VP of Engineering and MD of the India Design Center. Narasimhan most recently served at OpenSilicon.
- Price action: VLDR shares traded higher by 1.72% at $11.80 in the market session on the last check Thursday.
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