Aeva to Host Investor Webcast on Technology and Commercial Overview

Rhea-AI Summary

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.

Aeva, Inc. (“Aeva”), a leader in next generation 4D LiDAR sensing and perception systems, and InterPrivate Acquisition Corp., a publicly traded special purpose acquisition company (“InterPrivate”) (NYSE: IPV), are releasing a webcast tomorrow, February 18, 2021, at 11:00 a.m. EST for investors to learn more about Aeva’s unique FMCW 4D LiDAR on a chip technology and collaborations to bring 4D LiDAR to mass scale.

The webcast will be available on Aeva’s investor website, www.aeva.ai/investors/, and will remain on the page for future viewings.

Aeva remains on track to complete its previously announced business combination with InterPrivate in the first quarter of 2021. The business combination is expected to provide up to $563M in gross proceeds. The combined company is expected to be listed on the New York Stock Exchange under the ticker symbol “AEVA”.

InterPrivate will hold a Special Meeting of Stockholders on March 11, 2021 to approve the proposed business combination. Stockholders who own shares of InterPrivate as of January 25, 2021, should submit their vote by 5:00 p.m. EST on March 10, 2021. For more information on how to vote, please visit www.ipvspac.com/vote. InterPrivate stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the Special Meeting may contact InterPrivate’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 449-0910 or by email at IPV.info@investor.morrowsodali.com.

About Aeva

Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, and led by a multidisciplinary team of engineers and operators, Aeva is building the next-generation of sensing and perception for autonomous vehicles and beyond. Aeva is backed by Adage Capital, Porsche SE, Lux Capital and Canaan Partners, amongst others. For more information, visit www.aeva.com.

About InterPrivate Acquisition Corp.

InterPrivate is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. InterPrivate is controlled by affiliates of Ahmed M. Fattouh, Chairman and Chief Executive Officer, and InterPrivate LLC, a private investment firm founded by Mr. Fattouh that invests on behalf of a consortium of family offices in partnership with independent sponsors from the private equity and venture capital industries. InterPrivate focused its efforts on evaluating business combination targets by leveraging InterPrivate’s network of independent sponsors, family offices and private equity and venture capital firms. InterPrivate is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012. For more information, visit www.ipvspac.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Aeva and InterPrivate, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the services offered by Aeva and the markets in which it operates, and Aeva’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of InterPrivate’s securities, (ii) the risk that the transaction may not be completed by InterPrivate’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by InterPrivate, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of InterPrivate and Aeva, the satisfaction of the minimum trust account amount following redemptions by InterPrivate’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the effect of the announcement or pendency of the transaction on Aeva’s business relationships, performance, and business generally, (vii) risks that the proposed transaction disrupts current plans of Aeva and potential difficulties in Aeva employee retention as a result of the proposed transaction, (viii) the outcome of legal proceedings instituted against Aeva or against InterPrivate related to the business combination agreement or the proposed transaction, (ix) the ability to maintain the listing of InterPrivate’s securities on the New York Stock Exchange, (x) the price of InterPrivate’s securities may be volatile due to a variety of

FAQ

When is the Aeva webcast scheduled?

The Aeva webcast is scheduled for February 18, 2021, at 11:00 a.m. EST.

What technology is Aeva presenting in the upcoming webcast?

Aeva will present its FMCW 4D LiDAR on a chip technology during the webcast.

What is the expected gross proceeds from Aeva's business combination with InterPrivate?

The business combination is expected to provide up to $563M in gross proceeds.

When will the special meeting of InterPrivate stockholders take place?

The special meeting of InterPrivate stockholders is scheduled for March 11, 2021.

What is the ticker symbol for the combined company after the business combination?

The combined company will be listed on the NYSE under the ticker symbol 'AEVA'.

What is the deadline for InterPrivate stockholders to vote on the business combination?

InterPrivate stockholders must submit their vote by 5:00 p.m. EST on March 10, 2021.