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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 signed a letter of intent to deploy InnovizOne LiDAR units on its delivery vehicles through 2024.
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 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.