Collective Growth Corporation partners with Macnica, Japan's largest distribution company
Innoviz Technologies, an Israeli LiDAR company founded by former officers of Israel's Defence Forces elite technology division, known as "Unit 81", which recently announced its intention to go public through a SPAC merger with Collective Growth Corporation, based in Texas, at a market value of $1.4B, has partnered with Macnica, Japan's largest distribution company and a global technology solutions distribution company, to sell its flagship product, InnovizOne, in Japan for the first time. InnovizOne has been selected by BMW for use in its fully electric iX autonomous car program.Macnica announced their intention to sell InnovizOne in the Japanese market last month, and have since been inundated with purchase orders for Innoviz's solid-state 3D MEMS-based long-range LiDAR, which leads the high-spec LiDAR market by dint of its maturity and Innoviz's long-standing and very close relationship with the Tier1 company Magna and customer BMW.
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