TechCrunch reported on Jan. 12 that Luminar has signed an agreement to sell its lidar business to Quantum Computing for $22 million. The contract could be amended if a better offer emerges. Luminar filed for Chapter 11 bankruptcy protection in December, and it also plans to sell its semiconductor subsidiary to Quantum Computing for $110 million. The agreement will be final only after approval by a bankruptcy judge at the U.S. District Court for the Southern District of Texas.
Luminar was valued at $11 billion in 2021, but the company has struggled after a deal with Volvo fell through in 2025 and cooperation with Mercedes-Benz and Polestar was halted.
Quantum Computing started in 2001 as a seller of inkjet cartridges, and later shifted its business through a beverage company acquisition, restructuring and the development of quantum computing optical technology.
Chi-gyu Hwang
delight@d-today.co.kr