Innoviz Technologies, Loxo sign LOI for autonomous delivery vehicle LiDAR

Innoviz Technologies (INVZ) announced that Switzerland-based LOXO, a company dealing in autonomous delivery, has signed a letter of intent, or LOI, to integrate Innoviz’s InnovizTwo Long-Range LiDAR into its L4 autonomous driving solution, Digital Driver. InnovizTwo serves 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. Subject to the successful completion of this process, LOXO intends to nominate Innoviz as its LiDAR supplier for this platform.