Innoviz Technologies and LOXO sign letter of intent to power next-generation autonomous delivery vehicles
The companies are in advanced evaluations, with LOXO considering Innoviz as a LiDAR supplier for its next-generation autonomous delivery vehicles across European logistics sectors
Innoviz Technologies (NASDAQ: INVZ) announced that Switzerland-based LOXO has signed a letter of intent to integrate Innoviz's InnovizTwo Long-Range LiDAR into LOXO's L4 autonomous driving solution, Digital Driver. InnovizTwo is described 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.
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