Innoviz and LOXO are stepping up their partnership to utilize Innoviz’s LiDAR technology, InnovizOne, in LOXO’s zero-emission delivery vehicles. This technology advancement aids the sustainable transport of goods from local distribution hubs to consumers.
What’s Happening
Innoviz Technologies, a premier provider of automotive-grade LiDAR sensors and perception software, has made public that its InnovizOne LiDAR units will be deployed in LOXO’s zero-emission delivery vehicles throughout 2024. This agreement follows a successful evaluation and testing phase of Innoviz’s LiDAR by LOXO earlier this year.
Why It Matters
As part of the growing autonomous vehicle market, the integration of InnovizOne LiDAR technology into LOXO’s zero-emission delivery vehicles heralds a significant leap forward in sustainable and efficient transport of goods. It promises to optimize the logistics experience from local distribution hubs to the end consumer’s doorstep. Furthermore, the collaboration is a testament to Innoviz’s commitment to advancing autonomous vehicle technology.
Key Points
InnovizOne is a high-performance, automotive-grade LiDAR sensor, designed to ensure the safety of passengers and pedestrians in various applications including autonomous vehicles. This strategic partnership will allow LOXO to equip their growing fleet with LiDAR technology, enhancing the efficiency and sustainability of goods delivery.
Bottom Line
The strengthened partnership between Innoviz and LOXO and the subsequent deployment of InnovizOne units in LOXO’s fleet is a notable development in the evolution of autonomous delivery vehicles. It is poised to meet the projected demand of the autonomous last-mile delivery market, which is anticipated to reach $5.9 billion by 2030. This collaboration embodies the shared vision of both companies for sustainable and efficient transport solutions, and their commitment to improving the logistics experience for consumers across the globe.
