Innoviz will source its new era, state-of-the-art sensor termed Innoviz 2 for set up in long run products of Audi, Skoda, Seat, and Volkswagen vehicles.


Israeli lidar automobile sensors Innoviz Technologies Ltd. (Nasdaq: INVZ) has described that it has signed a strategic settlement with Volkswagen. The organization stated that it will supply lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, developing and setting up highly developed engineering parts in VW Group’s cars.

Innoviz will supply its new era, superior sensor called Innoviz 2 for installation in potential products of Audi, Skoda, Seat, and Volkswagen vehicles and supplemental models in the group. This is Innoviz’s third strategic deal and its to start with deal was with BMW.




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With its 3rd structure gain, Innoviz’s ahead-on the lookout buy ebook was up-to-date to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf reported, “We are thrilled to get the job done with the CARIAD team and be a provider of LiDAR sensors and notion software package to aid secure mobility for vehicles launching from the middle of the 10 years. CARIAD is a foremost participant in the transformation of the whole automotive house.”

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

Printed by Globes, Israel organization information – en.globes.co.il – on August 2 2022.

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



Dubi Ben Gedalayahu and Shiri Habib-Valdhorn