Aeva Technologies Inc
NYSE:AEVA
Aeva Technologies Inc
Aeva Technologies, Inc. develops sensing paradigm for autonomous vehicles and robotics. The company is headquartered in Mountain View, California and currently employs 227 full-time employees. The company went IPO on 2020-02-06. The firm through its frequency modulated continuous wave (FMCW) sensing technology, enables the adoption of LiDAR across broad applications. The firm's products include Aeries I and Aeries II. Its product Aeries I is the 4D LiDAR sensing system that meets the requirements for the development and testing of autonomous vehicles and industrial programs. Its Aeries II is a 4D LiDAR with Camera-Level Ultra Resolution, which includes features, such as instant velocity detection, automotive grade, ultra-long range, compact design, and multiple fovs. Its 4D LiDAR technology is a custom digital processing application-specific integrated circuit (ASIC). The 4D LiDAR architecture enables resolution and velocity sensing for industrial automation, consumer electronics, consumer health, and security applications.
Aeva Technologies, Inc. develops sensing paradigm for autonomous vehicles and robotics. The company is headquartered in Mountain View, California and currently employs 227 full-time employees. The company went IPO on 2020-02-06. The firm through its frequency modulated continuous wave (FMCW) sensing technology, enables the adoption of LiDAR across broad applications. The firm's products include Aeries I and Aeries II. Its product Aeries I is the 4D LiDAR sensing system that meets the requirements for the development and testing of autonomous vehicles and industrial programs. Its Aeries II is a 4D LiDAR with Camera-Level Ultra Resolution, which includes features, such as instant velocity detection, automotive grade, ultra-long range, compact design, and multiple fovs. Its 4D LiDAR technology is a custom digital processing application-specific integrated circuit (ASIC). The 4D LiDAR architecture enables resolution and velocity sensing for industrial automation, consumer electronics, consumer health, and security applications.
Revenue: Q3 revenue was $3.6 million, driven by ongoing sensor shipments to multiple customers and programs such as Daimler Truck.
Major Milestone: Completed a key development program with a top 10 global passenger OEM ahead of schedule; now in late-stage negotiations for a large-scale production award.
Daimler Truck Progress: Completed sensor deliveries for initial vehicle builds and received first orders for 2026 in support of Daimler Truck’s autonomous trucking program, keeping 2027 market entry on track.
Precision Sensing Expansion: Rolled out Eve 1D and Eve 1V sensors, received initial orders, and set up a new production line in Thailand to meet growing demand in the manufacturing automation market.
Capital Infusion: Announced a $100 million investment from Apollo Global Management in convertible notes, boosting pro forma liquidity to around $270 million.
Cost Discipline: Operating loss was $27.2 million, down 13% YoY, reflecting targeted expense reductions.
Customer Pipeline: Growing engagement and interest from multiple OEMs for both automotive and industrial applications, with the first major OEM win expected to accelerate adoption.
