INVZ- LiDAR space. --two large design wins with Volkswagen and BMW,
--current order book of $6.6 billion, along with 12 other RFIs and RFQs in the pipeline.
--Innoviz will be the direct supplier of LiDAR sensors to brands in the large Volkswagen Group and Innoviz's perception software will also be integrated into CARIAD. As the second largest car manufacturer with brands like Audi and Porsche, the Volkswagen Group sells more than10 million cars each year.
--This huge win increases the order book by a magnitude of $4 billion, bringing the total order book to $6.6 billion.
--The company currently has 12 automotive RFIs and RFQs. These are for passenger vehicle programs and are all at varying stages.
--As a result of the Volkswagen design win, the company currently has a market share of approx 15%.
The company has sufficient cash position with $246 million in cash as of the second quarter of 2022.--> The business model of Innoviz is not capital intensive and capital expenditures are paid for by the customers <-----------
--current order book of $6.6 billion, along with 12 other RFIs and RFQs in the pipeline.
--Innoviz will be the direct supplier of LiDAR sensors to brands in the large Volkswagen Group and Innoviz's perception software will also be integrated into CARIAD. As the second largest car manufacturer with brands like Audi and Porsche, the Volkswagen Group sells more than10 million cars each year.
--This huge win increases the order book by a magnitude of $4 billion, bringing the total order book to $6.6 billion.
--The company currently has 12 automotive RFIs and RFQs. These are for passenger vehicle programs and are all at varying stages.
--As a result of the Volkswagen design win, the company currently has a market share of approx 15%.
The company has sufficient cash position with $246 million in cash as of the second quarter of 2022.--> The business model of Innoviz is not capital intensive and capital expenditures are paid for by the customers <-----------