GCAC (Cepton) – one other SPAC merger and one other lidar firm. Wait, this time it is totally different™.
However actually, here is my peak easy mind evaluation:
Not like different Lidar corporations, Cepton has at all times been centered on making Lidars for CURRENT automobiles, and for present makes use of as an alternative of futuristic self-driving.
FACT: the superior driver help techniques (ADAS) market is gigantic in comparison with autonomous autos (AV): https://i.imgur.com/AjMEYtT.png
Not like different Lidar corporations producing samples in 2021 ( you MVIS), Cepton has moved on from samples and is partnered with the highest world automotive elements suppliers, AKA “tier 1” suppliers.
Not like different Lidar corporations, Cepton lidars will truly be on a large quantity of automobiles, and never simply luxurious manufacturers.
FACT: GM is including lidar to their 2023-2027 automobiles and chosen Cepton as an alternative of LAZR, MVIS, Velodyne, Innoviz, and many others. Ford can be contemplating Cepton for including lidar to their automobiles, and Cepton is in talks with ALL of the highest 10 OEMs.
Not like different Lidar corporations, Cepton is definitely centered on price, practicality, and mass manufacturing. Their nova lidar will probably be underneath $100. In the meantime, Microvision is claiming they are going to be winners if they’ll make their lidars low-cost, with a value lower than $1,000.
Not like different Lidar corporations, Cepton lidars have small dimension mixed with automotive-grade construct high quality. This makes them enticing to automobile producers and is probably going why regardless of the shortage of fame, they’re being chosen because the lidar to make use of.
Now, why purchase GCAC, a SPAC? For easy brains like me: the ground for SPACs is $10. Meaning GCAC can solely go up.
What’s a SPAC?
a SPAC makes a personal firm public
SPAC first goes public, merges with a personal firm, and when merger completes, adjustments inventory ticker to be the personal firm
On the time of merging, shareholders can select: inventory or $10 money per share, therefore the $10 flooring for SPACs
GCAC = 🚀🚀🚀🚀🚀🚀🚀 place: 1000 shares $9.93 screenshot of my brokerage bc I am banned from RH