Luminar Files for Bankruptcy
Update: 2025-12-15
Description
Luminar, a lidar technology company for autonomous vehicles, has filed for Chapter Eleven bankruptcy protection, marking the end of a tumultuous year. The company, once valued at over three billion dollars, faces significant challenges, including layoffs, executive departures, and a legal dispute with Volvo. Luminar plans to sell its lidar business and semiconductor subsidiary during the bankruptcy process. The company reports having between one hundred million and five hundred million dollars in assets but over one billion dollars in liabilities.
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