MicroVision buys assets of troubled lidar maker Luminar for $33M

Just over five years ago, Luminar was seen as a leading developer of long-range lidar technology. In March 2020, Volvo Cars signed a framework purchase agreement with Luminar that officially designated the company as the sole provider of lidar technology for the automaker’s next-generation global vehicle platform. The deal helped Luminar gain the confidence of investors leading up to its high-profile November 2020 IPO.In addition to competition from China, the mass-market deployment of autonomous driving in ...