Lidar maker Luminar files for bankruptcy (opens in new tab)

(investors.luminartech.com)

16 pointsgripfx3mo ago5 comments

5 comments

TBH, Luminar declaring bankruptcy was not on my bingo card for this year.

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...

I wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?

rasz3mo ago

I wonder if Volvo cancellation had something to do with videos showing Lidar permanently burning cellphone cameras.

Could be, could also be a show of no-confidence when the founder jumped ship

j / k navigate · click thread line to collapse

aanet3mo ago