Innoviz Technologies, a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced that Switzerland-based LOXO, a pioneer in autonomous delivery, has signed a letter of intent (LOI) to integrate Innoviz's InnovizTwo Long-Range LiDAR into its L4 autonomous driving solution, Digital Driver. InnovizTwo serves as a core layer enabling Physical AI systems that must perceive, reason, and act in the real world under the laws of physics, supporting high-fidelity 3D understanding required for autonomous operation. Innoviz a...

Innoviz's automotive-grade LiDAR will be used to enable autonomy for LOXO's next zero-emission delivery vehicles. TEL AVIV, Israel and BERN, Switzerland, June 28, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today that Switzerland-based LOXO, a provider of zero-emission autonomous delivery vehicles, has signed a letter of intent (LOI) to deploy InnovizOne LiDAR...