Innoviz will offer its new generation, state-of-the-art sensor referred to as Innoviz 2 for set up in potential styles of Audi, Skoda, Seat, and Volkswagen autos.


Israeli lidar auto sensors Innoviz Systems Ltd. (Nasdaq: INVZ) has documented that it has signed a strategic agreement with Volkswagen. The corporation claimed that it will source lidar sensors to Volkswagen’s CARIAD division, which is engaged in procuring, developing and putting in innovative engineering parts in VW Group’s autos.

Innoviz will offer its new era, innovative sensor called Innoviz 2 for installation in potential models of Audi, Skoda, Seat, and Volkswagen motor vehicles and additional makes in the group. This is Innoviz’s third strategic deal and its initial offer was with BMW.




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With its 3rd structure acquire, Innoviz’s forward-seeking get ebook was up to date to $6.6 billion.

Innoviz cofounder and CEO Omer Keilaf stated, “We are thrilled to perform with the CARIAD crew and be a provider of LiDAR sensors and notion program to guidance harmless mobility for automobiles launching from the center of the ten years. CARIAD is a foremost player in the transformation of the entire automotive house.”

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

Posted by Globes, Israel company information – 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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