Innoviz sees lower lidar costs accelerating autonomous car development

In this news, we discuss the Innoviz sees lower lidar costs accelerating autonomous car development.

TEL AVIV (Reuters) – Israeli lidar maker Innoviz Technologies has said laser sensor price cuts will be key to helping automakers reach the next level of autonomous driving on a large scale.

To that end, Innoviz has developed a lidar that costs 70% less than the InnovizOne product it supplies for BMW and Magna International’s self-driving car program, which is expected to launch by the end of 2021.

Samples of InnovizTwo will be available in the third quarter of 2021, CEO Omer Keilaf said. The product software will enable automakers to collect traffic data from customers and can be upgraded to the next level of autonomous driving.

With the exception of Tesla, most automakers have said their self-driving cars will rely on lidar sensors, which use pulses of laser light to measure distances and render accurate images of the environment around the car. .

Although Keilaf will not disclose the cost of InnovizTwo, he said the price barrier for automakers to use lidar at the current level of autonomous driving is $ 500, and his company’s product may meet this barrier.

“I think most customers will probably start with InnovizOne to launch it earlier and then switch to InnovizTwo to get scale at a lower cost,” he told Reuters.

Innoviz, which has raised $ 252 million, competes with companies such as Velodyne and Luminar.

Reporting by Tova Cohen; Edited by Steven Scheer

Original © Thomson Reuters Corporation

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