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Aeva, Inc. has completed its merger with InterPrivate Acquisition Corp. (IPV), becoming Aeva Technologies, Inc. as of March 15, 2021. This business combination is expected to generate over $560 million in gross proceeds, including $320 million from a PIPE investment. Aeva aims to leverage this capital to enhance its 4D LiDAR technology for applications in automotive and other industries. Leadership has emphasized strong foundational partnerships and a committed management team as key factors for future growth.
InterPrivate Acquisition Corp. (NYSE: IPV) announced the approval of all proposals related to its business combination with Aeva Technologies, Inc. at a special stockholder meeting on March 11, 2021. Aeva expects to receive approximately $563M in gross proceeds from the transaction, including $320 million from approved private placements. The closing of the business combination is anticipated on March 12, 2021, with shares to trade under the ticker symbols AEVA and AEVAW starting March 15, 2021.
Aeva, Inc. announced the appointment of Tim Willis as Vice President of Global Supply Chain, Manufacturing, and Strategy, effective March 2, 2021. Willis, a veteran with over 30 years in the industry, previously held significant roles at Waymo and Apple. His expertise will support Aeva's mass-market production of its innovative 4D LiDAR technology. The company is on track to finalize its business combination with InterPrivate Acquisition Corp. (IPV) in Q1 2021, pending stockholder approval during a meeting on March 11, 2021.
Aeva, a leader in 4D LiDAR technology, is set to present a webcast on February 18, 2021, at 11:00 a.m. EST, detailing its FMCW 4D LiDAR on a chip technology and plans for mass production. The company is on track to complete its business combination with InterPrivate Acquisition Corp. in Q1 2021, aiming to secure up to $563M in gross proceeds, with the new entity trading under the ticker symbol 'AEVA' on the NYSE. A special meeting for InterPrivate stockholders is scheduled for March 11, 2021.
InterPrivate Acquisition Corp. (NYSE: IPV) announced that the SEC has declared effective its Registration Statement on Form S-4 regarding its business combination with Aeva, Inc. The Special Meeting for InterPrivate stockholders to approve the merger is set for March 11, 2021. Stockholders must vote by March 10, 2021. The proposed merger aims to enhance Aeva's ability to bring its 4D LiDAR technology to market.
The merger is projected to close on March 12, 2021, pending stockholder approvals and customary conditions.
Aeva, a leader in sensing and perception systems, has partnered with TuSimple to integrate its 4D LiDAR technology into TuSimple's self-driving trucks. This collaboration is part of TuSimple's initiative with VW's TRATON Group to advance autonomous heavy-duty trucking, aiming for production in 2024. Aeva's FMCW technology enhances vehicle safety and reliability and is crucial for commercial application in autonomous vehicles. Aeva is also nearing a merger with InterPrivate Acquisition Corp (NYSE: IPV), which could yield $563 million in gross proceeds, expected to close in Q1 2021.
Aeva Inc. has announced a collaboration with DENSO to introduce its innovative 4D LiDAR technology to the mass vehicle market. This technology, which utilizes Frequency Modulated Continuous Wave (FMCW) systems, is said to enhance automated driving capabilities with high precision and range while minimizing interference. Aeva is in discussions with 30 major automotive players and has secured strategic investments, including from Porsche SE. The company is also set to complete its merger with InterPrivate Acquisition Corp (NYSE: IPV) soon, which is expected to yield gross proceeds of $563M.
Aeva, a leader in 4D LiDAR sensing systems, announced a $200 million investment from Sylebra Capital to support its business combination with InterPrivate Acquisition Corp (NYSE: IPV). This investment surpasses the minimum cash requirement for the deal, expected to close in Q1 2021, ensuring a robust balance sheet for Aeva to pursue market opportunities. Sylebra, already a stakeholder in InterPrivate, has committed to a one-year lock-up on the majority of its investment and will vote in favor of the transaction, which is projected to enhance Aeva's capabilities in the automotive and industrial sectors.
