Lidar Builder Luminar Hires Engineers From Defunct Ford-Backed Startup
- Company hired about 10 who had worked at Ford-backed startup
- Luminar shares slip in late trading after release of earnings
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Luminar Technologies Inc., the laser sensor startup which went public in a $3.4 billion reverse merger in 2020, has hired the lidar team from Argo, the shuttered autonomous vehicle technology company that was backed by Ford Motor Co. and Volkswagen AG.
The Orlando, Florida-based company hired about ten people from Argo’s lidar group, Chief Financial Officer Thomas Fennimore said in an interview Tuesday. Zach Little, who was vice president of hardware and firmware at Argo, joined Luminar in December.