Austin Russell Plans Luminar Takeover

Ousted Luminar CEO Austin Russell wants to buy the company through his new venture, Russell AI Labs.
Matilda
Austin Russell Plans Luminar Takeover
Ousted Luminar CEO Austin Russell Wants To Buy The Company Austin Russell, the ousted founder and former CEO of Luminar, is making headlines again. Just five months after stepping down, Ousted Luminar CEO Austin Russell wants to buy the company through his new venture, Russell AI Labs. The bold move could mark a dramatic comeback for the lidar pioneer. Image Credits:Luminar Technologies Inc. under a license. According to an SEC filing made early Friday, Russell AI Labs plans to purchase 100% of Luminar’s Class A Common Stock. While the bid price remains undisclosed, the proposal signals Russell’s intention to regain control of the company he built into one of the leading names in automotive lidar technology. Russell’s Big Comeback Bid The filing suggests that if the deal goes through, Luminar would stay publicly traded. Russell’s team at AI Labs might also merge Luminar with a “larger global automotive technology company” to create “Luminar 2.0,” a next-generation technology platform aimed…