Innoviz jumps on huge Volkswagen sensors order
Innoviz will supply its new generation, advanced sensor termed Innoviz 2 for set up in upcoming versions of Audi, Skoda, Seat, and Volkswagen vehicles.


Israeli lidar car or truck sensors Innoviz Systems Ltd. (Nasdaq: INVZ) has claimed that it has signed a strategic settlement with Volkswagen. The organization mentioned that it will supply lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, acquiring and installing superior technological innovation parts in VW Group’s motor vehicles.

Innoviz will source its new era, innovative sensor identified as Innoviz 2 for installation in future designs of Audi, Skoda, Seat, and Volkswagen vehicles and additional models in the group. This is Innoviz’s third strategic offer and its initially offer was with BMW.




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With its third style earn, Innoviz’s ahead-searching purchase reserve was up-to-date to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf claimed, “We are thrilled to function with the CARIAD staff and be a provider of LiDAR sensors and notion software package to assistance harmless mobility for automobiles launching from the center of the ten years. CARIAD is a main player in the transformation of the full automotive room.”

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

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

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Dubi Ben Gedalayahu and Shiri Habib-Valdhorn
