June 18, 2021
Business News

Aeva Reports First Quarter 2021 Results

MOUNTAIN VIEW, Calif.–()–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…

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