Mobileye to Use Innoviz Lidar for Self-Driving Systems
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Mobileye Global Inc. will use laser sensors made by Innoviz Technologies Ltd. for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart as it seeks to become profitable through wider deployment of self-driving vehicles.
Innoviz will provide lidar sensors to Mobileye starting in 2026, the companies said in a joint statement on Dec. 11.
The laser-based sensors are used to help autonomous vehicles detect their surroundings and are seen as key to enabling the automated driver-assist features Mobileye specializes in and more robust autonomous driving systems in the future.
Innoviz expects the deal to place its technology on about 100,000 vehicles annually within “a few years,” CEO Omer Keilaf said in an interview.
Excited to share that Innoviz LiDARs are driving the future with @Mobileye Drive™!
Together, we’re advancing autonomous vehicles globally—combining safety, scalability, and innovation.
Learn more here 👇https://t.co/CiIXI3LrTs — Innoviz Technologies (@InnovizLiDAR) December 11, 2024
Autonomous shuttles could be especially lucrative, he said, because they require as many as nine sensors per vehicle, rather than one or two needed for driver-assist functions on private cars.
The pact comes after Mobileye, which is majority-owned by Intel Corp., said in September that it would shutter its own in-house lidar development program by the end of 2024 to focus on radar sensors instead.
Innoviz, which has supply agreements for passenger cars with Volkswagen AG and BMW AG, went public through a reverse merger in 2021.
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