Luminar Receives A Larger $33M Bid For Its Lidar Business
Luminar lidar business acquired for $33 million by MicroVision in bankruptcy auction as automotive sensor market consolidates amid adoption challenges
Matilda
Luminar Receives A Larger $33M Bid For Its Lidar Business
Luminar Lidar Business Acquired for $33 Million Luminar Technologies' core lidar sensor business has been acquired for $33 million by MicroVision following a competitive court-supervised auction, marking a dramatic fall for the once high-flying autonomous vehicle sensor pioneer. The Redmond, Washington-based buyer outbid Quantum Computing Inc., which had served as the initial "stalking horse" bidder with a $22 million offer before raising its stake to $28 million. The transaction includes intellectual property, inventory for Iris and Halo lidar sensors, key engineering talent, and existing commercial contracts—assets that once represented the future of automotive safety technology. Credit: Volvo Cars Bankruptcy Auction Reveals Lidar Market Realities The $33 million price tag tells a sobering story about lidar's commercial trajectory in 2026. Just eighteen months ago, Luminar commanded a multibillion-dollar valuation as automakers raced to integrate advanced driver assist…
