Innoviz will source its new generation, advanced sensor referred to as Innoviz 2 for installation in long run products of Audi, Skoda, Seat, and Volkswagen vehicles.


Israeli lidar automobile sensors Innoviz Technologies Ltd. (Nasdaq: INVZ) has documented that it has signed a strategic settlement with Volkswagen. The business said that it will source lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, producing and setting up innovative technological innovation factors in VW Group’s automobiles.

Innoviz will source its new era, highly developed sensor named Innoviz 2 for installation in foreseeable future versions of Audi, Skoda, Seat, and Volkswagen cars and extra models in the team. This is Innoviz’s third strategic offer and its initially deal was with BMW.




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With its third design and style acquire, Innoviz’s ahead-hunting buy e book was up to date to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf stated, “We are thrilled to get the job done with the CARIAD crew and be a provider of LiDAR sensors and perception computer software to help secure mobility for cars launching from the middle of the ten years. CARIAD is a foremost player in the transformation of the total automotive space.”

Innoviz’s share value is up 20% on Nasdaq at $4.79, supplying a industry cap of $642.75 million.

Revealed by Globes, Israel company information – en.globes.co.il – on August 2 2022.

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



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