Innoviz Secures Production Slots, Expands Beyond Automotive with Edge Computing
Event summary
- Innoviz achieved a transformative 2025, highlighted by securing series production slots for Level 4 autonomous trucks with Daimler Truck and Torc Robotics.
- The company guided for 2025 revenue of $50-60 million, more than double 2024 revenue, alongside reduced cash burn.
- Innoviz showcased InnovizSMARTer, a LiDAR and edge compute solution integrating Nvidia Jetson Orin Nano, at CES 2026.
- Innoviz secured additional NREs with existing and new customers throughout 2025.
- The InnovizTwo LiDAR is in production and powering Level 3 and Level 4 programs with deployments accelerating in 2027.
The big picture
Innoviz's progress signals a maturing LiDAR market where performance and reliability are paramount. The company's expansion beyond automotive applications with InnovizSMART demonstrates a strategic pivot to diversify revenue streams and improve margins. Securing production slots with major OEMs like Daimler and VW validates Innoviz's technology and positions it for significant growth, but also increases reliance on these partners.
What we're watching
- Production Scaling
- The ability of Fabrinet to meet Innoviz's production needs will be critical to fulfilling existing commitments and capturing new opportunities, particularly given the accelerating deployment timelines for Level 3 and Level 4 applications.
- Non-Automotive Traction
- How effectively Innoviz can monetize InnovizSMART across diverse applications like security and robotics will determine if it can meaningfully offset the capital intensity of automotive programs.
- Competitive Landscape
- The sustained differentiation of Innoviz's technology against competitors, especially given the claim of broader stagnation in the LiDAR space, will be key to maintaining its Tier-1 supplier status and securing future design wins.
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