- Business
- Aeva Technologies, Inc. (AEVAW) designs, develops, manufactures, and sells LiDAR sensing systems and related perception and autonomy-enabling software solutions using proprietary frequency modulated continuous wave (FMCW) sensing technology that simultaneously detects velocity and range. The company offers Aeries II, a 4D LiDAR solution consisting of a sensing system with embedded software for automotive-grade production in passenger cars, trucking, and mobility applications; Atlas, an FMCW 4D LiDAR sensor for mass production meeting automotive-grade requirements; Atlas Ultra, a slim, high-resolution 4D LiDAR sensor for SAE Level 3 and 4 automated driving systems in passenger and commercial vehicles; and Eve 1, a high-precision laser speed sensor line including Eve 1D and Eve 1V for factory automation, non-contact motion sensing, and industrial applications. Its products serve automotive, industrial automation, consumer devices, security, robotics, and smart infrastructure markets, with customers and partners including Daimler Truck, SICK AG, LMI Technologies, Nikon, ZF, Denso, LG Innotek, Bendix, Torc Robotics, May Mobility, Railergy, and D2 Traffic Technologies; Aeva operates in North America, Europe, the Middle East, Africa, Asia, and additional locations including Germany, India, China, and Thailand. Founded in 2017 and headquartered at 555 Ellis Street in Mountain View, California, the company generates revenue through hardware sales, software licensing, and long-term development partnerships. In recent developments, Aeva secured a $100 million investment from Apollo Global Management in November 2025 to accelerate its 4D LiDAR expansion and entered an exclusive partnership with D2 Traffic Technologies for smart infrastructure solutions in the United States; it unveiled Atlas Ultra at CES 2025 for availability in 2026, established production at Fabrinet for Eve sensors with initial shipments and orders exceeding 1,000 units from SICK AG and LMI Technologies, announced a strategic collaboration with LG Innotek for perception platform expansion into automotive, robotics, and consumer markets, partnered with Bendix for 4D LiDAR in truck safety systems, and progressed joint programs with Daimler Truck targeting 2027 market entry while completing manufacturing audits with LG Innotek for Level 3 driving applications across multiple vehicle models and geographies excluding China.