Lidar maker Luminar files for bankruptcy

Posted by gripfx 1 day ago

Comments

Comment by aanet 1 day ago

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...

Comment by WorldPeas 1 day ago

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

Comment by rasz 1 day ago

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

Comment by WorldPeas 1 day ago

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

Comment by dzhiurgis 1 day ago