Daimler Truck and Torc Robotics Select Innoviz Technologies as LiDAR Partner for Series Production of Level 4 Autonomous Trucks
Rhea-AI Summary
Innoviz Technologies (NASDAQ: INVZ) was selected by Daimler Truck and Torc Robotics as the Short-Range LiDAR supplier for series production of SAE Level 4 autonomous Class 8 semi-trucks, announced Dec. 2, 2025.
Innoviz will supply its InnovizTwo Short-Range LiDAR sensors and collaborate on joint development to integrate LiDAR into the autonomous Freightliner Cascadia alongside Torc's virtual driver, with deployment planned across highway and regional routes in North America.
Positive
- Selected for series production as Short-Range LiDAR supplier for Level 4 Class 8 trucks
- Joint development agreement with Daimler Truck and Torc to adapt sensors for commercial trucking
- Deployment planned across highway and regional routes in North America
- Product validated as automotive-grade LiDAR for challenging road and weather conditions
Negative
- None.
News Market Reaction
On the day this news was published, INVZ gained 2.48%, reflecting a moderate positive market reaction. Argus tracked a peak move of +14.3% during that session. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $6M to the company's valuation, bringing the market cap to $259M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
INVZ was down 1.54% pre-news while key Auto Parts peers were mixed: SES +7.84%, SLDP +4.21%, MLR +2.09%, MPAA +0.52%, and HLLY -0.47%, suggesting stock-specific drivers.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | OEM partnership win | Positive | +2.5% | Named as Daimler Truck and Torc’s LiDAR partner for L4 trucks. |
| Nov 12 | Earnings update | Positive | -5.0% | Strong Q3 revenue growth and reiterated 2025 targets. |
| Oct 22 | Earnings call notice | Neutral | -4.8% | Scheduled Q3 2025 results release and investor conference call. |
| Sep 30 | Certification milestone | Positive | +5.2% | Achieved ISO/IEC 17025:2017 certification for LiDAR test labs. |
| Sep 08 | OEM selection news | Positive | +17.7% | Selected by major OEM to supply InnovizTwo for L4 Class 8 trucks. |
News on commercial wins and certifications has often aligned with positive price reactions, while earnings and housekeeping announcements have seen negative divergences.
This announcement confirms that the previously unnamed commercial vehicle OEM win is Daimler Truck, extending Innoviz’s role in Level 4 trucking after the September OEM selection for Class 8 trucks. Over recent months, the company reported strong Q3 2025 revenue of $15.3M and year-to-date revenue of $42.4M, alongside a key ISO/IEC 17025:2017 lab certification. Some positive fundamental updates, such as earnings and conference call notices, saw negative price reactions, whereas commercial and certification news on Sep 8, Sep 30, and this Daimler partnership aligned with gains.
Market Pulse Summary
This announcement confirms Daimler Truck and Torc Robotics as Innoviz’s partner for Level 4 autonomous Class 8 trucks, building on the earlier unnamed OEM win. It reinforces the company’s positioning after strong Q3 2025 revenue of $15.3M, year-to-date revenue of $42.4M, and key lab certifications. Investors may focus on how this program converts into revenue versus FY2025 targets of $50–$60M, and on execution milestones for integrating InnovizTwo into the autonomous Freightliner Cascadia.
Key Terms
lidar technical
sae technical
class 8 technical
AI-generated analysis. Not financial advice.
InnovizTwo High-Performance Short-Range LiDAR to enable SAE (Society of Automotive Engineers) Level 4 autonomous capabilities for commercial trucks deployment
This announcement follows Innoviz's previous disclosure that a major commercial vehicle OEM had selected the Company for future series production of Level 4 autonomous trucks, now revealed to be Daimler Truck. Innoviz will supply its InnovizTwo Short-Range LiDAR sensors to support Daimler Truck and Torc Robotics' autonomous commercial vehicle program. As part of a joint development effort, the companies will collaborate to advance the sensors for commercial trucking applications.
Daimler Truck and Torc Robotics plan to integrate Innoviz's LiDAR technology into the autonomous Freightliner Cascadia in combination with Torc's virtual driver as one of several key components enabling Level 4 autonomous trucking. The partnership positions Innoviz's technology as a critical component in Daimler Truck's strategy to bring autonomous trucks to market, with deployment planned across highway and regional routes in
"This partnership with Daimler Truck and Torc represents a significant validation of our technology and our position in the autonomous trucking market," said Omer Keilaf, CEO and Founder of Innoviz. "The trucking industry demands LiDAR sensors that can perform reliably in the most challenging conditions while delivering the precision and range needed for safe autonomous operation. Our InnovizTwo sensors have demonstrated compliance with these stringent requirements, and we're excited to support Daimler Truck and Torc in bringing this transformative technology to market."
"Selecting the right LiDAR partner is fundamental to our autonomous trucking strategy," said Rakesh Aneja, Head of Corporate Development at Daimler Truck North America. "Innoviz's proven track record in automotive-grade LiDAR sensors makes them an ideal partner as we advance toward series production. This collaboration brings us closer to delivering autonomous trucks that will reshape the logistics industry."
Mike Avitabile, Head of Engineering at Torc, adds: "Integrating Innoviz's technology into our self-driving vehicle software solution enhances our system's ability to detect, classify, and track objects in real time across diverse road and weather conditions. Innoviz's sensors deliver the consistency and durability required for commercial operation, while supporting the redundancy needed for safe Level 4 autonomy."
The selection strengthens Innoviz's position as a leading LiDAR supplier in the automotive industry and demonstrates Innoviz's ability to serve as a trusted sensing technology partner for commercial vehicles and trucking fleets. Innoviz's LiDAR sensors deliver outstanding resolution, range, and the reliability required for advanced driver assistance systems and autonomous vehicle applications.
About Daimler Truck
Daimler Truck Holding AG ("Daimler Truck") is one of the world's largest commercial vehicle manufacturers, with over 40 main locations and more than 100,000 employees globally. Daimler Truck North America LLC (DTNA), a subsidiary of Daimler Truck and headquartered in
About Torc
Torc, headquartered in
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. 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. For more information, visit innoviz.tech.
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Media Contact
Media@innoviz-tech.com
Investor Contact
Investors@innoviz-tech.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, Innoviz's projected future operational and financial results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events, and in the case of our forward-looking revenues, actual orders or actual payments, to differ materially from the forward-looking statements in this announcement including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2024, filed with the
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SOURCE Innoviz Technologies
FAQ
What did Innoviz (INVZ) announce on Dec. 2, 2025 regarding Daimler Truck?
Which Innoviz product will be used in Daimler Truck's autonomous Freightliner Cascadia?
Where and when is deployment of Innoviz LiDAR with Daimler Truck planned?
How will Torc Robotics use Innoviz LiDAR in its autonomous system?
Does the agreement involve product development between Innoviz and Daimler Truck?
