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Innoviz will source its new era, sophisticated sensor identified as Innoviz 2 for set up in foreseeable future designs of Audi, Skoda, Seat, and Volkswagen motor vehicles.


Israeli lidar motor vehicle sensors Innoviz Technologies Ltd. (Nasdaq: INVZ) has documented that it has signed a strategic settlement with Volkswagen. The organization claimed that it will provide lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, building and installing innovative know-how elements in VW Group’s automobiles.

Innoviz will provide its new technology, advanced sensor termed Innoviz 2 for set up in foreseeable future models of Audi, Skoda, Seat, and Volkswagen cars and extra manufacturers in the team. This is Innoviz’s 3rd strategic deal and its initially deal was with BMW.




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With its third layout win, Innoviz’s forward-on the lookout purchase e book was updated to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf mentioned, “We are thrilled to do the job with the CARIAD crew and be a supplier of LiDAR sensors and notion software to support risk-free mobility for motor vehicles launching from the middle of the 10 years. CARIAD is a main participant in the transformation of the whole automotive room.”

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

Printed by Globes, Israel business news – en.globes.co.il – on August 2 2022.

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



Dubi Ben Gedalayahu and Shiri Habib-Valdhorn
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