Innoviz to Ramp Up Production Tenfold
14 August, 2025
Will start mass production at Fabrinet during in the third quarter 2025. Annual sales forecast for 2025 was doubled to $50-60 million. InnovizThree LiDAR sensor will be unveiled soon
photo above: Innoviz CEO, Omer Keilaf
The provider of automotive LiDAR sensors, Innoviz Technologies (Rosh HaAyin, Israel) is gearing up towards the global launching robo-taxi autonomous driving services, planned to begin in 2026. The company has decided to increase its mass production volume of LiDAR systems tenfold at the facilities of its manufacturing partner, Fabrinet. The initial serial production of the InnovizTwo systems at Fabrinet started last month.
This was revealed by Innoviz CEO, Omer Keilaf, during the earnings call this week, following the release of Q2 2025 financial results. Keilaf also shared that the Innoviz is currently developing its fourth sensor, the InnovizThree, which will be unveiled to customers later this month at the ITS exhibition in Atlanta. “InnovizThree represent a significant leap forward in performance, cost, and size,” he said.
The is in the beginning of a new phase: sales grew by approximately 46% compared to the same quarter 2024, to a total of $9.7 million. H1 2025 sales have already surpassed the total sales of 2024, amounting to approximately $27.5 million. Accordingly, Innoviz has updated its 2025 sales forecast to $50-60 million, double its 2024 sales.
A New Funding Program
Despite having $79.4 million in cash and cash equivalents, the company has announced a $75 million ATM (At-The-Market) Program. This mechanism allows Innoviz to sell new or existing shares as needed to raise capital for temporary requirements. Maybe this is reason for the approximately 12.6% drop in the company’s stock on the Nasdaq, bringing its market capitalization to $316 million.
According to Keilaf, Innoviz has signed a Statement of Development Work (SODW) agreement with one of the world’s five largest private car manufacturers. This agreement involves making several adjustments to the InnovizTwo LiDAR sensor in order to adapt it to the manufacturer’s specific requirements. “We have passed RFI and RFQ stages. This is a process we are familiar with, having made specific adjustments to the sensors of Volkswagen’s ID.Buzz autonomous taxi program.”
The Surprising Advantages of Robots
The ID.Buzz autonomous driving system is based on Mobileye’s solution, that includes 9 Innoviz sensors in each taxi. Keilaf also mentioned that the company has entered negotiations with other car manufacturers whose systems are based on Mobileye.
An interesting new market for Innovis is in the industrial and security applications market (outside of the automotive industry). Keilaf: “The majority of our effort, 95%, is dedicated to the automotive sector, where the leading company holds a large portion of the market. However, we recently discovered that in robotics and industrial markets, there is a need for LiDAR sensors that meet functional safety requirements.
“Because we come from the automotive market, we meet these conditions, unlike competing LiDAR manufacturers who did not come from automotive.” The company’s new sensor, InnovizSMART, is based on automotive technologies and is intended for use in industrial and robotics systems. It provides detection up to 450 meters even in challenging visibility and weather conditions.
The “Gold Rush” Returns
Keilaf: We recently completed its integration within the Nvidia Jetson Orin environment and ecosystem. This means it is included in the reference designs that Nvidia provides to Orin customers. One reason for this move is that the major integrators in the industrial and robotics market frequently use Jetson.” For Innoviz, this new market offers several additional advantages: “The timelines here are much shorter, and the profit margins are very high compared to the automotive industry.”
Meanwhile, a new trend is emerging in the AV market: “It is returning to the ‘Gold Rush’ phase. Manufacturers are now working on new car models and adopting Level 3 (L3) autonomous systems. We are seeing a recovery in the market for higher-level autonomy systems, L4, but here the main push comes mainly from the commercial market: autonomous taxis, autonomous trucks, and autonomous commercial transport vehicles.”
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Posted in tags: Automotive , AV , Innoviz , LiDAR
