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Aeva Technologies, Inc. (NYSE: AEVA) is pioneering the next generation of sensing and perception systems through its groundbreaking Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology. The company’s technology uniquely merges vision, depth, and motion sensors into a single product, providing superior range, resolution, and the ability to measure velocity for every pixel in any weather condition. Aeva’s proprietary 4D LiDAR-on-chip along with its software applications are poised to revolutionize applications from automated driving to consumer electronics, industrial automation, and security.
Aeva’s innovative technology has attracted significant attention and partnerships. In a landmark collaboration, Daimler Truck has selected Aeva's 4D LiDAR for its autonomous commercial vehicle program. This partnership marks Aeva’s first major automotive OEM production win and sets the stage for the integration of Aeva’s sensors into Daimler’s vehicles, facilitating SAE Level 4 autonomous capabilities. The multi-year collaboration, which includes Torc Robotics, aims for a production start by 2026 and full ramp-up by 2027.
The company operates across North America, EMEA, and Asia, deriving the majority of its revenue from North America. Financially, Aeva reported steady increases in revenue, with notable achievements in the first quarter of 2024, including a record number of sensor shipments and solid progress with multiple automotive RFQs, including a successful audit with a global top 10 passenger OEM. Additionally, the company maintains a robust cash position, supporting its continued innovation and market expansion.
Recently, Aeva has also expanded its presence in Europe by establishing an Automotive Center of Excellence (COE) in Germany to support growing momentum with automotive OEM customers. This initiative is led by industry expert Axel Gern, who brings extensive experience in advanced driver assistance systems and autonomous driving. The COE aims to intensify partnerships with automotive OEMs and accelerate the development of next-generation sensing technologies.
As Aeva continues to innovate and expand its market footprint, the company remains committed to transforming autonomy across various industries with its state-of-the-art FMCW technology. For more information, visit www.aeva.com.
Aeva (NYSE: AEVA) has reported its fourth quarter and full year 2022 results, showcasing key milestones in vehicle development and LiDAR technology. The company launched Aeries II, serving over 40 customers, and was selected by a top-10 global OEM for vehicle production targeting 2025. However, revenue for Q4 2022 was only $0.2 million, a decrease from $2.9 million in Q4 2021, while full year revenue also dropped to $4.2 million from $9.3 million year-over-year. The company faced significant operating losses, reporting a GAAP loss of $44.4 million in Q4 2022 and $152.0 million for the full year. Cash reserves stood at $323.8 million as of December 31, 2022.
Aeva (NYSE: AEVA) will report its fourth quarter and full year 2022 results on March 22, 2023, after market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day.
Aeva is a leader in next-generation sensing and perception systems, aiming to enhance applications from automated driving to industrial robotics. Its innovative technology integrates LiDAR components onto a silicon photonics chip, allowing the detection of instant velocity and improving safety in autonomous devices.
Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, announced its participation in various investor events. These include the Baird Vehicle Technology & Mobility Conference on February 15, 2023, at 3:30 PM ET (virtual); the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 2:40 PM PT in San Francisco, CA; and the Roth Annual Conference on March 13, 2023, in Dana Point, CA. Institutional investors can register through their respective sales representatives.
Aeva aims to revolutionize autonomy with its 4D LiDAR technology, which detects instant velocity and 3D positioning for safer autonomous decisions.
Aeva (NYSE: AEVA) and Plus announced the unveiling of a Class 8 truck equipped with PlusDrive autonomous technology and Aeva's Aeries II 4D LiDAR sensor at CES 2023. This collaboration enhances the long-range perception capabilities of Plus's automated trucks, focusing on safety-critical object detection. The partnership, ongoing since 2019, aims to revolutionize the autonomous trucking industry by integrating advanced sensing technologies to improve response times in critical scenarios.
Aeva (NYSE: AEVA) announces its participation at CES 2023, showcasing its advanced 4D LiDAR technology at Las Vegas from January 5-8. Attendees can experience live demonstrations of the Aeries II LiDAR, which measures velocity and 3D positions, enhancing vehicle safety and automation. The company will also present its 4D LiDAR-on-chip technology, which integrates key sensor components into a compact module. Aeva will engage in a fireside chat at the JP Morgan CES Tech/Auto Forum, discussing the future of automation with its leadership.
Aeva has announced that its Aeries II 4D LiDAR sensor has been recognized as a CES 2023 Innovation Awards Honoree. This award highlights Aeva's advancements in velocity detection and long-range performance, positioning the sensor as a key player in autonomous vehicles. The Aeries II sensor, which integrates unique LiDAR-on-chip technology, offers enhanced performance metrics compared to traditional 3D systems. This recognition follows Aeries II's selection as one of TIME’s Best Inventions of 2022, further solidifying Aeva's technological leadership in the automotive sector.
Aeva (NYSE: AEVA) announced that its Aeries II 4D LiDAR sensor has been recognized as one of TIME’s Best Inventions of 2022. This accolade highlights the sensor's advanced capabilities, including instant velocity detection, long-range performance, and ultra-resolution imaging. The Aeries II utilizes cutting-edge Frequency Modulated Continuous Wave (FMCW) technology and integrates LiDAR components onto a silicon photonics chip, facilitating automated manufacturing and cost reduction. Aeva aims to transform various sectors such as automotive, industrial automation, and space exploration with its innovative technologies.
Aeva (NYSE: AEVA) reported strong growth in customer engagements with its Aeries II product, achieving a 300% production increase and progressing to the RFQ stage with multiple automotive and industrial programs. The company signed a joint development agreement with Nikon to outline milestones for a high precision product targeting production in 2024. Despite these advancements, Aeva reported a revenue drop to $1.4 million in Q3 2022 from $3.5 million in Q3 2021, alongside a GAAP operating loss of $37.8 million. The company's cash reserves stand at $350.8 million.
Aeva (NYSE: AEVA), a leader in sensing and perception technology, announced the hiring of new teams in Germany, India, and Thailand to bolster its global presence. The company appointed Clement Kong as Vice President of Asia Pacific Sales to deepen customer relationships and enhance the development of its next-generation 4D LiDAR technology. This strategic move aims to accelerate technology development, manufacturing, and sales support across the European and Asia Pacific markets.
Aeva (NYSE: AEVA) announces it will release its third quarter 2022 financial results on November 8, 2022, after market close. The company is known for its innovative sensing and perception systems, particularly in autonomous driving and robotics. A conference call and webcast will follow at 2:00 PM PT to discuss the results. Aeva aims to revolutionize autonomy with its 4D LiDAR technology, enabling devices to detect velocity and 3D position for improved decision-making.
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