May 2, 2022
Will supply the Lidar sensor to a major automaker. Additional manufacturers in the group may adopt the solution. “It will affect the entire automotive industry.” BMW recently launched the first series that includes the company’s sensor
Innoviz announced today (Monday) that it has been selected by one of the largest car manufacturers in the world to supply the company’s Lidar sensors for various models of the car manufacturer, after about two years of testing and testing the sensor. Invis estimates that the value of all the orders expected from this planning win could amount to $ 4 billion, and even more so if additional car manufacturers included in the same group adopt the company’s solution. The company’s future backlog now stands at $ 6.6 billion. Following the announcement, the company’s share in the early trading jumped by more than 10%. The company will provide additional details on the deal during the publication of the quarterly report in a few more days.
Omar Kilaf, CEO of Invis and co-founder, estimates that such a large-scale agreement will have an impact on the entire automotive industry. “It simply came to our notice then. We anticipate that more automakers will adopt this direction in their autonomous driving plans. ” The current win joins Invis ‘collaboration with German carmaker BMW, which recently launched the BMW 7 luxury car series, which includes Invis’ Lidar.
Invis has developed a solid state LiDAR for the automotive industry. The company’s solution is based on the use of a MEMS component that includes a mirror that can move in two axes, thereby performing a laser scan without moving parts. Invis recently completed the development of the new generation of its LiDAR sensor, InnovizTwo, which uses one laser source and one detector and provides 30 times more performance and will be 70% cheaper compared to the first generation sensor.
Posted in categories: Automotive, News, Autonomous Vehicle
Posted in tags: LiDAR, Invis
