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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.
