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MicroVision Buys Assets of Troubled Lidar Maker Luminar for $33M

MicroVision, a solid‑state lidar specialist, won the Section 363 bankruptcy auction for Luminar Technologies, paying $33 million for select assets. The deal brings Luminar’s Iris and Halo long‑range lidar inventory and engineering talent in Japan, Sweden and Florida under MicroVision’s control. CEO Glen DeVos says the acquisition will let the company merge low‑cost short‑range sensors with Luminar’s long‑range technology to lower unit costs and re‑engage former automotive customers. The move positions MicroVision to compete against low‑price Chinese lidar makers as the market heads toward tens of millions of vehicles equipped with lidar by 2030.