Lidar-maker Ouster buys vision company StereoLabs as sensor consolidation continues
Ouster is paying $35 million along with 1.8 million shares.
Lidar
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 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 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.
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.
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.
Lidar-maker Luminar files for bankruptcy
The filing marks the end of a tumultuous year full of layoffs, executive departures, and piling debts.
Luminar is fighting with its biggest customer as bankruptcy threat looms
The fight comes at a perilous time for Luminar, which is running out of cash and under SEC investigation.
Aeva strikes lidar chip-making deal with LG subsidiary
LG Innotek, the components and materials subsidiary of South Korea’s LG Group, has struck a manufacturing partnership with Aeva Technologies, a developer of 4D LiDAR sensing systems.