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Innoviz, a lidar company backed by auto suppliers Magna and Aptiv, is going public via a SPAC merger expected to close in Q1 2021 at a valuation of $1.4B

Bloomberg :

Bloomberg

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Discussion

  • @_markvaldez Mark Valdez on x
    As the autonomy space has rightly consolidated, you have to imagine consolidation will happen fast in LIDAR or risk getting crushed. I'm skeptical there is another MobileEye here https://twitter.com/...
  • @innovizlidar Innoviz Technologies on x
    Thanks to @Bloomberg for sharing the exciting news that Innoviz will be listed on the #Nasdaq #stock market through a business combination with Collective Growth Corporation. https://www.bloomberg.com/...
  • @business @business on x
    An Israeli startup backed by two of the world's largest automotive suppliers goes public in a $1.4 billion reverse merger https://www.bloomberg.com/...