Innoviz Reports Doubled Revenue for 2025
LiDAR technology company Innoviz reported full-year 2025 revenues of $55.1 million, more than double its performance from the previous year. The company also highlighted its selection by Daimler Truck for series production of L4 autonomous trucks and ongoing progress with partners like Mobileye and Volkswagen. The results indicate growing commercial adoption of LiDAR for autonomous vehicles.
- The significant revenue increase builds on a full-year 2024 revenue of $24.3 million, which itself was a 16% increase from 2023. - The Daimler Truck agreement will integrate Innoviz's short-range LiDAR sensors into the autonomous Freightliner Cascadia for North American routes, marking the company's expansion into the commercial vehicle market. - The partnership with Mobileye, set to start production in 2026, will see Innoviz supply LiDAR for the Mobileye Drive™ autonomous vehicle platform used in robotaxis, public transport, and delivery vehicles. - Volkswagen is a major partner, with a deal valued at $4 billion to supply LiDAR and perception software for various vehicles, including integrating nine Innoviz sensors into each of its Level 4 ID. Buzz autonomous shuttles. - This growth occurs within a rapidly expanding global LiDAR market, which is projected to grow from approximately $2.3 billion in 2024 to over $12 billion by 2033. - To support its growth and production ramp-up, Innoviz secured an $80 million non-recurring engineering (NRE) payment plan with key customers and raised an additional $40 million in early 2025. - Innoviz's technology is also part of NVIDIA's Hyperion 8 platform, and its perception software has been demonstrated to integrate with the NVIDIA DRIVE Orin system-on-a-chip.
