Innoviz VW Design Win (Image credit: Innoviz Technologies)

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