Innoviz Technologies and LOXO Sign Letter of Intent to Power Next-Generation Autonomous Delivery Vehicles with InnovizTwo Long-Range LiDAR

Rhea-AI Summary

Innoviz Technologies (NASDAQ: INVZ) and LOXO signed a letter of intent on May 6, 2026 to integrate InnovizTwo Long-Range LiDAR into LOXO's L4 Digital Driver autonomous delivery platform. LOXO is in advanced testing and intends to nominate Innoviz as supplier subject to successful evaluation.

The announcement highlights InnovizTwo's long-range point-cloud performance, LOXO's focus on urban and regional logistics across Europe, and planned collaboration on manufacturing and supply continuity as LOXO develops its next-generation driverless vehicles.

Positive

• LOI to integrate InnovizTwo Long-Range LiDAR into LOXO's L4 platform
• LOXO is in advanced testing and intends to nominate Innoviz pending evaluation
• Targeted deployment across urban and regional logistics applications in Europe

Negative

• The agreement is a non-binding letter of intent and depends on successful evaluation
• No firm commercial terms, volumes, or timelines disclosed in the announcement

News Market Reaction – INVZ

+9.02%

14 alerts

+9.02% Session close to close

+3.5% Peak Tracked

-7.3% Trough Tracked

$165.16M Market Cap

1.2x Rel. Volume

In the May 6 session, INVZ gained 9.02%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.5% during that session. Argus tracked a trough of -7.3% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +9.0% in the session following this news. A strong positive reaction aligns with pri...

Analysis

The stock moved +9.0% in the session following this news. A strong positive reaction aligns with prior instances where product and market expansion updates, such as the InnovizTwo ULR launch and defense entry, saw gains of 1.61% and 7.51%. This LOI with LOXO extends InnovizTwo into commercial autonomous delivery, adding another real-world use case. However, shares still traded well below the 200-day MA pre-announcement, and past regulatory pressures, including a Nasdaq bid-price notice, remained a background risk.

Key Figures

Autonomy level: L4

1 metrics

Autonomy level L4 LOXO’s L4 autonomous driving platform using InnovizTwo LiDAR

Historical Context

5 past events · Latest: Apr 28 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 28	Market expansion	Positive	+7.5%	Entry into defense and homeland security markets using InnovizSMART and InnovizTwo ULR.
Apr 23	Earnings call setup	Neutral	-4.6%	Announcement of Q1 2026 earnings release date and related conference call.
Apr 22	Product launch	Positive	+1.6%	Launch of InnovizTwo ULR LiDAR with up to 1-kilometer detection and high resolution.
Mar 27	Listing notice	Negative	-5.4%	Nasdaq non-compliance letter regarding the $1.00 minimum bid price requirement.
Mar 04	Investor webinar	Neutral	+2.0%	CEO webinar announcement on the company’s Physical AI white paper and Q&A.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent product and AI expansion news (e.g., InnovizTwo ULR, defense entry) saw positive price reactions, while compliance notices and scheduling/webinar items produced negative or mixed responses.

Recent Company History

Over the last few months, Innoviz issued several updates tied to its LiDAR and “Physical AI” strategy. Launch of InnovizTwo ULR on Apr 22 and expansion into defense and homeland security on Apr 28 both saw positive moves, while a Nasdaq minimum bid-price non-compliance notice on Mar 27 weighed on shares. Neutral items like conference calls and webinars showed mixed trading. Today’s LOXO LOI continues the theme of commercial traction for InnovizTwo in autonomous applications.

Key Terms

lidar, letter of intent, physical ai, point cloud

4 terms

lidar technical

"InnovizTwo Long-Range LiDAR into its L4 autonomous driving solution"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

letter of intent regulatory

"LOXO, a pioneer in autonomous delivery, has signed a letter of intent (LOI)"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

physical ai technical

"InnovizTwo serves as a core layer enabling Physical AI systems that must perceive"

Physical AI combines artificial intelligence with physical devices or environments, enabling machines to interact with and adapt to the real world in a human-like way. It matters to investors because it can lead to smarter robots, autonomous vehicles, or advanced sensors that improve efficiency and open new markets, potentially creating significant business opportunities and competitive advantages.

point cloud technical

"The point cloud quality Innoviz delivers at longer distances is in a class of its own"

A point cloud is a digital collection of many individual dots in three-dimensional space that together represent the shape and surface of a physical object, area, or scene, typically captured by sensors such as LIDAR or 3D cameras. Investors care because point clouds are the raw material for mapping, inspection, simulation and autonomous navigation; their quality and volume determine how well a company can build products, cut manual work, reduce risk, and monetize location or asset data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Leveraging high–fidelity 3D perception to ground autonomous driving World Models

LOXO to integrate Innoviz's InnovizTwo LiDAR into its L4 autonomous driving platform

LOXO intends to nominate Innoviz as the LiDAR provider for their autonomous vehicle platform, subject to successful completion of evaluation

TEL AVIV, Israel and BERN, Switzerland, May 6, 2026 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) ("Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced that Switzerland-based LOXO, a pioneer in autonomous delivery, has signed a letter of intent (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.

Innoviz and LOXO are currently engaged in advanced stages of testing and evaluation of InnovizTwo Long-Range LiDAR for LOXO's dedicated autonomous vehicle platform. Subject to the successful completion of this process, LOXO intends to nominate Innoviz as its LiDAR supplier for this platform.

LOXO's Digital Driver technology stack powers autonomous delivery with purpose-built and retrofitted electric vehicles designed to meet the growing demands of urban and regional logistics across Europe, in applications such as transport, retail, and postal delivery. As LOXO prepares to begin development of its next generation of driverless vehicles, the company evaluated different LiDAR providers, concluding that Innoviz's InnovizTwo Long-Range LiDAR has the potential to be the best fit for its platform including meeting the required performance, reliability, and supply continuity. These capabilities align with the rising requirements of Physical AI systems, where reliable, real-time 3D perception forms the foundation for safe autonomous decision-making at scale.

"Our next-generation autonomous delivery platform demands sensing that always performs irrespective of distance, speed, and the unpredictable conditions of the real-world," said Amin Amini, Co-Founder and CEO of LOXO. "After a thorough evaluation of what the market has to offer, InnovizTwo Long-Range stood apart. The point cloud quality Innoviz delivers at longer distances is in a class of its own and has been validated by some of the world's most demanding automotive manufacturers. Innoviz is a partner we trust and are thrilled to grow with."

"Having the opportunity to work with LOXO as their long-term LiDAR partner is a testament to what our team has built, not just a sensor that outperforms on the road but a business that OEMs and commercial operators alike can depend on for the long haul," said Omer Keilaf, Founder and CEO of Innoviz Technologies. "We're proud to have the opportunity to support LOXO's Digital Driver's safe navigation across both urban and rural environments, and equally proud to be the manufacturing and technology partner they can count on as their fleet scales for years to come."

About LOXO

Based in Switzerland, LOXO is pioneering autonomous delivery with its Digital Driver technology stack, integrated into purpose-built and retrofitted electric vehicles to meet the growing demands of urban and regional logistics. LOXO combines robust autonomy with real-world operational reliability to drive the future of sustainable goods transportation. For more information, visit www.loxo.ch.

About Innoviz

Innoviz is a leading provider of 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. Innoviz's LiDAR sensors are designed to deliver exceptional range, resolution, and reliability, providing accurate 3D sensing in harsh weather conditions. Operating across the U.S., Europe, and Asia, Innoviz designs solutions for automotive OEMs, system integrators, municipalities, commercial enterprises, and other use cases worldwide. InnovizSMART is an off-the-shelf solution for security, defense and homeland security, intelligent traffic management, mobility, robotics, and aerial applications.

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 products and solutions offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates or is expected to operate, and Innoviz's projected future operational and financial results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "design(ed)," "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 Innoviz's 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  achieve broader market adoption of Innoviz's products and solutions, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, the ability to maintain and scale initial deployments into long-term commercial relationships and Innoviz's expectations regarding the impact of geopolitical developments in the Middle East including the evolving conflict in Israel on its ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risks and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2026, and in other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations. There can be no assurances that the Company will enter into definitive agreements, orders or receive payments with respect to this LOI mentioned in this announcement.

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SOURCE Innoviz Technologies

FAQ

What did Innoviz (INVZ) announce with LOXO on May 6, 2026?

They signed a letter of intent to integrate InnovizTwo Long-Range LiDAR into LOXO's L4 Digital Driver. According to the company, LOXO is conducting advanced testing and may nominate Innoviz as supplier pending successful evaluation.

Does the LOXO-Innoviz LOI mean a confirmed supply contract for INVZ?

No, the LOI is non-binding and conditional on evaluation completion. According to the company, LOXO intends to nominate Innoviz only if testing validates performance, reliability, and supply continuity.

What role will InnovizTwo Long-Range LiDAR play in LOXO's autonomous delivery fleet?

InnovizTwo is intended as a core sensing layer to provide high-fidelity 3D perception for LOXO's Digital Driver. According to the company, it supports long-range point-cloud quality for safe navigation in urban and rural environments.

Which markets and applications will LOXO target with the planned Innoviz integration?

LOXO plans to use the Digital Driver for urban and regional logistics across Europe, including transport, retail, and postal delivery. According to the company, the integration targets purpose-built and retrofitted electric vehicles.

What investor-relevant details are missing from the Innoviz-LOXO announcement?

The announcement lacks final commercial terms, unit volumes, pricing, and deployment timelines. According to the company, nomination is subject to successful evaluation but no binding order or schedule was disclosed.