# Innoviz wins $4 billion lidar supply contract with Volkswagen

Israeli lidar maker Innoviz announced it has won a contract to supply lidar units and related software to Volkswagen's software company Cariad, worth $4 billion over eight years starting mid-decade. Innoviz expects to supply units for between 5 million and 8 million Volkswagen Group vehicles.

- Type: Contract
- Announced: 2022-08-02
- Value: $4.00B
- Status: announced
- Products: lidar sensors, perception software
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Innoviz Technologies](https://endata.com/companies/31579.md)
- [Volkswagen](https://endata.com/companies/533.md) (customer)
- [Innoviz Technologies](https://endata.com/companies/31579.md) (supplier)
- [Cariad](https://endata.com/companies/64505.md) (customer)

## Sources

- [cnbc.com](https://www.cnbc.com/2022/08/02/innoviz-wins-4-billion-dollar-volkswagen-lidar-contract.html), 2022-08-02: "Israeli lidar maker Innoviz announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion in sales over eight years."
- [prnewswire.com](https://www.prnewswire.com/news-releases/innoviz-selected-by-leading-asia-based-automotive-oem-to-serve-as-direct-lidar-supplier-for-series-production-passenger-vehicles-301620311.html), 2022-09-08: "With this selection, we are continuing our momentum and further demonstrating Innoviz's capabilities as a Tier 1 supplier to the world's leading car makers and expanding to additional geographies."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.