LOXO AG, founded in 2021 and headquartered in Bern, Switzerland, is a leader in autonomous driving solutions for logistics. The company develops and deploys software-as-a-service (SaaS) systems to provide autonomy to delivery vehicles. Their vehicle-agnostic LOXO Digital Driver (LDD) software can give nearly any commercial vehicle SAE Level 4 autonomy. The company operates its own fleet of electric logistics vehicles, including the LOXO Alpha and LOXO R1. They have partnered with companies such as Planzer and Migros.
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LOXO and Innoviz completed a product evaluation and testing earlier 2023 that led to an expanded order of InnovizOne units and a signed letter of intent for LOXO’s 2024 fleet.
LOXO signed a letter of intent to deploy InnovizOne LiDAR units on its delivery vehicles through 2024.
LOXO vehicles equipped with InnovizOne are expected to be used to meet demand in the autonomous last-mile delivery market projected to reach $5,900,000,000 by 2030.
LOXO plans to deploy its autonomous delivery solution on public roads in 2023.
LOXO vehicles equipped with InnovizOne will be designed to meet demand from the autonomous last-mile delivery market projected to grow from USD 57.67 billion in 2021 to USD 68.95 billion by 2028.