Microvision acquires Luminar, plans relationship restoration, push into multiple industries

Microvision has completed its acquisition of Luminar, once a shining star of the lidar sector whose story entered its final troubled chapter in December when it filed for Chapter 11 bankruptcy.

In a briefing ahead of the official close of the sale, Microvision CEO Glen DeVos said the company was excited to take control of Luminar's lidar technology, particularly its 1550nm-powered Halo offering, a compact high-performance (up to 500 m/164 ft of range) package that is easy to aesthetically integrate into vehicle design.