InnovizTwo High-Performance LiDAR to be used in Level 3 autonomous system, with start of production (SOP) planned for 2027
TEL AVIV, Israel, June 17, 2025 -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today it has signed a Statement of Development Work (SoDW) agreement with a Top 5 passenger automotive manufacturer. Through this SoDW, Innoviz will supply advanced LiDAR units for the OEM's L3 highly automated series-production program with target SOP of 2027.
Under the terms of this agreement, beginning in Q2 2025, Innoviz will develop hardware and software modifications for its InnovizTwo LiDAR to ensure seamless integration into the OEM's vehicle system, facilitating a smooth ramp towards the planned data collection campaign as the companies work toward a series production agreement. Innoviz will supply several hundred InnovizTwo LiDAR units over the coming months, which will allow both the OEM and the platform provider to adhere to the project's timeline. This integration is intended to support the OEM's next-generation eyes-off driving system, with SOP planned for 2027.
"It's an exciting step forward for the industry as mass market car manufacturers begin moving towards highly automated and fully autonomous driving solutions," said Omer Keilaf, CEO and Co-Founder of Innoviz Technologies. "Collaborating with one of the most respected automotive manufacturers in the world underscores the growing demand for LiDAR solutions that meet the industry's toughest technical and safety standards. We are proud to help lower barriers to AV adoption while supporting the path toward safer and smarter driving."
This agreement reinforces Innoviz's position as a preferred technology partner for global OEMs seeking to advance their assisted and autonomous driving capabilities. The InnovizTwo LiDAR platform delivers exceptional resolution, range, and reliability, offering a scalable solution for high-volume consumer vehicle programs.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz.tech.com.
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