tech
December 18, 2025
Lidar-maker Luminar files for bankruptcy
The filing marks the end of a tumultuous year full of layoffs, executive departures, and piling debts.
TL;DR
- Luminar has filed for Chapter 11 bankruptcy protection.
- The company plans to sell its lidar business and semiconductor subsidiary.
- Founder Austin Russell resigned as CEO in May and plans to bid for Luminar's assets.
- Luminar faced layoffs, executive departures, and legal fights, including one with its largest customer, Volvo.
- The company reported between $100 million and $500 million in assets and $500 million to $1 billion in liabilities.
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