Aeva Reports First Quarter 2021 Results
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Aeva Technologies, Inc. (NYSE: AEVA, “Aeva” or the “Company”), a leader in next-generation sensing and perception systems, today announced its first quarter 2021 results.
Key Company Highlights
- Completed business combination with InterPrivate Acquisition Corp on March 12, 2021, resulting in listing on the NYSE as “AEVA” and net proceeds of $513 million
- Foundational agreement with an undisclosed large company to develop best-in-class LiDAR solutions for their autonomous program
- Third generation LiDAR chip module is in final architecture and integrates all core LiDAR components. Reduced size and improved reliability enables final cost structure, form factor, and is…