Innoviz inks VW LiDAR contract

Innoviz said it has won a contract to supply CARIAD with LiDAR sensors and perception software for VW Group brand ADAS systems.

This is Innoviz’s third design win at a major automaker and its first deal as a Tier-1 supplier.

The deal has updated its order book going forward to $6.6 billion in value.

“We are excited to partner with the CARIAD team and be a supplier of LiDAR sensors and perception software to support safe mobility for vehicles launched mid-decade,” said Innoviz CEO and Co-Founder, Omer Keilaf in a statement.

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