TBH, Luminar declaring bankruptcy was not on my bingo card for this year.

More color is here: https://techcrunch.com/2025/12/15/lidar-maker-luminar-files-...

Apparently they owe $10M to Scale AI and $1M to Applied Intuition, among others. And Volvo ended up cancelling their contract.

Not entirely sure how/why the founder left in a hurry

Hardware business is hard...

It was previously about to IPO at $3.4B https://news.ycombinator.com/item?id=24277803

I wonder if Geely will give them an offer given it owns Volvo, formerly their largest customer?