CARIAD SE Selects Innoviz as Direct LiDAR Supplier for..

CARIAD SE Selects Innoviz as Direct LiDAR Supplier for the Segment of Automated Vehicles Within the Volkswagen Brands USA – English 

Innoviz will provide InnovizTwo LiDAR sensors and perception software

• LiDARs are a critical element of advanced driver assist systems (ADAS) and autonomous vehicles (AVs). CARIAD selected Innoviz to be its supplier and deliverer of advanced ADAS features for the segment of automated vehicles within the Volkswagen brands. 
• CARIAD selected the InnovizTwo next-generation LiDAR sensor and perception software.
• This is Innoviz’s third design win with a major automaker and first deal as a Tier-1 supplier.

TEL AVIV, Israel, Aug. 2, 2022 /PRNewswire/ — Innoviz Technologies Ltd. (NASDAQ: INVZ) (the “Company” or “Innoviz”) announced today that its recent design win is with CARIAD SE.

“We are thrilled to work with the CARIAD team and be a supplier of LiDAR sensors and perception software to support safe mobility for vehicles launching from the middle of the decade,” said Innoviz CEO and Co-Founder, Omer Keilaf. “CARIAD is a leading player in the transformation of the whole automotive space. We are proud to be part of their mission.”

With its third design win, Innoviz’s forward-looking order book was updated to $6.6 billion.

Footage of InnovizTwo LiDAR performance can be found here. 

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