Luminar receives a larger $33 million bid for its lidar business

Luminar receives a larger $33 million bid for its lidar business

Luminar obtained an even greater bid for its lidar business as a court-run public sale concluded on Monday, according to a new submitting in the company’s chapter case.

MicroVision, a Redmond, Washington-based company that has been growing its personal lidar sensors, submitted a $33 million bid, eclipsing the $22 million that Quantum Computing Inc. laid out a few weeks in the past as the so-called “stalking horse” bidder. (Quantum Computing Inc. had upped its bid to $28 million however apparently was unwilling or unable to go greater.)

In a assertion, MicroVision said Tuesday that it’s buying “IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders.”

“It’s no secret that the lidar market has been ripe for disruption and in need of further consolidation,” MicroVision CEO Glen DeVos said. “Building on our proven executive leadership in automotive, our history of developing and delivering products in defense, and now an even more expansive portfolio of technologically diverse lidar sensors and advanced perception solutions, we believe MicroVision is ready to upend the industry, enabling widespread commercial adoption and significantly increased safety.”

The sale of Luminar’s lidar business will now be topic to approval by the choose in the chapter case. A listening to is slated for Tuesday afternoon.

It’s not clear if Luminar founder and former CEO Austin Russell submitted a bid for his company’s lidar property. Russell, via his new enterprise Russell AI Labs, tried to purchase the company outright in October 2025 before it filed for chapter, and he expressed an curiosity on making a bid during the chapter course of. Representatives for Russell didn’t reply to a request for remark.

That said, Russell and Luminar spent the first month of the chapter case combating over a subpoena. The company has said it’s still evaluating whether or not to take authorized action against Russell, tied to his resignation last May, which adopted a board-run ethics inquiry. While Russell already turned over his computer systems to Luminar, he had been holding onto his telephone until he obtained a assure from the company that any private data on the device can be protected. Luminar accused him of dodging the subpoena.

Russell in the end agreed to just accept the subpoena last week. Over the weekend, he and Luminar made a joint submitting in courtroom laying out the phrases of a protecting order concerning his private data.

If the sale of the lidar property goes via, it may deliver about a pretty swift end to Luminar’s chapter case, which was filed in December. The company has already reached an settlement to promote its other business division, centered round semiconductors, to Quantum Computing Inc. for $110 million.

This story has been up to date with a assertion from MicroVision.

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