Luminar’s 25-year-old CEO didn’t want to take his lidar startup public amid the pandemic, but opted for a SPAC after Nikola and Fisker proved the unconventional approach can work

Luminar’s 25-year-old CEO didn’t want to take his lidar startup public amid the pandemic, but opted for a SPAC after Nikola and Fisker proved the unconventional approach can work

Reverse mergers have replaced traditional IPOs this year as the preferred method for auto industry players to go public. On August 24, the lidar startup Luminar followed rival Velodyne and electric-v…
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