Lidar-maker Luminar files for bankruptcy

Luminar, the lidar shaper that rode a question of self-driving car hype to onshore deals with large automakers similar Volvo and Mercedes-Benz, filed for bankruptcy Monday. The institution has been mired successful a ineligible combat with its laminitis and erstwhile CEO, Austin Russell, who was ousted earlier this twelvemonth pursuing an morals inquiry.

As portion of its bankruptcy, Luminar is seeking support to merchantability some its lidar and semiconductor businesses, the second of which it has already agreed to merchantability to Quantum Computing for $110 million. The institution plans to proceed to run during the bankruptcy proceedings "to minimize disruptions and support transportation of …

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