Innoviz Technologies announced that Switzerland-based LOXO has signed a letter of intent (LOI) to deploy InnovizOne LiDAR units on its delivery vehicles through 2024. Innoviz's automotive-grade LiDAR, InnovizOne, is planned to be used in LOXO's zero emission, autonomous delivery vehicles, potentially allowing retailers to transport goods from local distribution hubs to end consumers in an efficient and sustainable manner. Earlier this year LOXO and Innoviz went through a successful product evaluation and testing with Innoviz's Automotive-grade LiDAR, which led to an expanded order of InnovizOne units and a signed LOI for their 2024 fleet.

Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally-recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases.