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▲Lidar maker Luminar files for bankruptcy (investors.luminartech.com)
15 points by gripfx 4 days ago | 5 comments
aanet 4 days ago [-]
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...

dzhiurgis 4 days ago [-]
It was previously about to IPO at $3.4B https://news.ycombinator.com/item?id=24277803
WorldPeas 4 days ago [-]
I wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?
rasz 4 days ago [-]
I wonder if Volvo cancellation had something to do with videos showing Lidar permanently burning cellphone cameras.
WorldPeas 4 days ago [-]
Could be, could also be a show of no-confidence when the founder jumped ship
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