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Luminar
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Luminar sale approved despite last-minute mystery bid
An unidentified bidder submitted a Hail Mary offer that was “substantially higher” than the winning bid at auction. Founder Austin Russell has been circling a bid, but it’s not clear he was behind it.
Luminar sale approved despite last-minute mystery bid Read More »
Luminar receives a larger $33 million bid for its lidar business
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.’s bid by $5 million.
Luminar receives a larger $33 million bid for its lidar business Read More »
Luminar founder Austin Russell agrees to accept subpoena in bankruptcy case
The agreement comes two weeks after Luminar accused its billionaire founder of dodging information requests, as it evaluates potential legal claims.
Luminar founder Austin Russell agrees to accept subpoena in bankruptcy case Read More »
Luminar lines up $22 million bidder for its lidar business
The bid comes from Quantum Computing Inc., which already lined up to buy Luminar’s semiconductor division. Luminar founder Austin Russell has also expressed interest.
Luminar lines up $22 million bidder for its lidar business Read More »
China’s Hesai will double production as lidar sensor industry shakes out
Hesai said it now plans to build as many as 4 million lidar sensors in 2026, up from 2 million, as it tries to corner a market with one fewer player after Luminar’s bankruptcy.
China’s Hesai will double production as lidar sensor industry shakes out Read More »
Luminar claims founder Austin Russell is dodging a subpoena in the bankruptcy case
The Luminar founder claims he has been cooperative.
Luminar claims founder Austin Russell is dodging a subpoena in the bankruptcy case Read More »
A rough week for hardware companies
iRobot, Luminar, and Rad Power Bikes were very different companies, but they faced some similar challenges.
TechCrunch Mobility: Bankruptcy takes out two
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How Luminar’s doomed Volvo deal helped drag the company into bankruptcy
Luminar says trouble with Volvo started as early as 2022, and that the Swedish automaker made — but then backed away from — large orders of its lidar sensors.
How Luminar’s doomed Volvo deal helped drag the company into bankruptcy Read More »