Lidar maker Luminar files for bankruptcyinvestors.luminartech.com 16 pointsgripfx8 months ago5 commentsSaveHideCopy link On HNComments−aanet8moTBH, 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 hurryHardware business is hard...−dzhiurgis8moIt was previously about to IPO at $3.4B https://news.ycombinator.com/item?id=24277803−WorldPeas8moI wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?−rasz8moI wonder if Volvo cancellation had something to do with videos showing Lidar permanently burning cellphone cameras.−WorldPeas8moCould be, could also be a show of no-confidence when the founder jumped ship
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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...
It was previously about to IPO at $3.4B https://news.ycombinator.com/item?id=24277803
I wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?
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