Innoviz said it won a contract to supply LiDAR sensors and perception software to CARIAD for VW Group brands ADAS systems.
This is Innoviz’s third design win with a major automaker and first deal as a Tier-1 supplier.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The deal updated its forward order book to US$6.6 billion in value.
“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 in a statement.
