Lidar maker Luminar files for bankruptcy(investors.luminartech.com)
investors.luminartech.com
Lidar maker Luminar files for bankruptcy
https://investors.luminartech.com/news-events/press-releases/detail/110/luminar-technologies-inc-initiates-voluntary-chapter-11
5 comments
It was previously about to IPO at $3.4B https://news.ycombinator.com/item?id=24277803
I wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?
TBH, Luminar declaring bankruptcy was not on my bingo card for this year.
More color is here: https://techcrunch.com/2025/12/15/lidar-maker-luminar-files-...
Apparently they owe $10M to Scale AI and $1M to Applied Intuition, among others. And Volvo ended up cancelling their contract.
Not entirely sure how/why the founder left in a hurry
Hardware business is hard...
More color is here: https://techcrunch.com/2025/12/15/lidar-maker-luminar-files-...
Apparently they owe $10M to Scale AI and $1M to Applied Intuition, among others. And Volvo ended up cancelling their contract.
Not entirely sure how/why the founder left in a hurry
Hardware business is hard...