🟢 Innoviz Technologies surges 7.4% on major Mobileye robotaxi LiDAR supply deal
Innoviz Technologies
Innoviz Technologies is trading at $0.62 (7.4% up) in pre-market, following the announcement that it will supply LiDAR sensors for Mobileye Driveâ„¢, Mobileye's vertically integrated robotaxi platform.
The deal represents a potential opportunity of over 150,000 LiDAR units for Innoviz as Mobileye plans to deploy an initial fleet of 100 vehicles in 2027, scaling to approximately 17,000 vehicles over five years.
This major contract directly contradicts earlier reports of no clear catalyst for today's significant stock movement.