Lidar maker Luminar files for bankruptcy

by gripfx • 7 months ago

16 5 7 months ago

aanet• 7 months 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...

dzhiurgis• 7 months ago

WorldPeas2• 7 months ago

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

rasz• 7 months ago

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

WorldPeas2• 7 months ago

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

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