Raden, a technology startup that manufactured and sold a line of smart luggage, has shuttered its operations following new industry regulations banning lithium-ion-based smart luggage from air travel. RadenRaden's luggage technology was unique in that it had an integrated battery that could be used for luggage tracking and also backup power for peripheral devices like phones or tablets. Raden's dissolution comes on the heels of a similar failure at Bluesmart, the hardware startup that arguably launched the smart luggage category. Earlier this month, that company announced that it was ceasing production on its Series 2 line of smart luggage and selling its assets to Travelpro. But for others like Raden and Bluesmart, there's little value left remaining in the smart luggage category.

Source: Forbes May 26, 2018 20:15 UTC