Innoviz jumps on huge Volkswagen sensors order
2 min read
Innoviz will offer its new generation, innovative sensor known as Innoviz 2 for set up in long run products of Audi, Skoda, Seat, and Volkswagen automobiles.


Israeli lidar automobile sensors Innoviz Systems Ltd. (Nasdaq: INVZ) has documented that it has signed a strategic agreement with Volkswagen. The firm mentioned that it will supply lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, creating and setting up highly developed technological know-how elements in VW Group’s cars.

Innoviz will provide its new era, state-of-the-art sensor known as Innoviz 2 for set up in potential styles of Audi, Skoda, Seat, and Volkswagen autos and supplemental manufacturers in the group. This is Innoviz’s third strategic offer and its to start with deal was with BMW.




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With its 3rd layout get, Innoviz’s ahead-seeking buy ebook was up-to-date to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf said, “We are thrilled to do the job with the CARIAD group and be a supplier of LiDAR sensors and perception software to guidance safe and sound mobility for motor vehicles launching from the middle of the decade. CARIAD is a foremost player in the transformation of the total automotive house.”

Innoviz’s share price is up 20% on Nasdaq at $4.79, giving a market cap of $642.75 million.

Posted by Globes, Israel enterprise information – en.globes.co.il – on August 2 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Dubi Ben Gedalayahu and Shiri Habib-Valdhorn
