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Aeva Technologies reports developments tied to its frequency modulated continuous wave 4D LiDAR and perception platform for automated systems. The company designs LiDAR-on-chip sensing technology, system-on-chip processing and perception software that detect velocity and position for applications in automated driving, commercial vehicles, manufacturing automation, smart infrastructure, robotics and consumer devices.
Recurring Aeva news includes financial results, Atlas sensor deliveries for automotive and trucking programs, Nikon APDIS laser radar systems powered by Aeva Eve technology, Aeva CityOS intelligent transportation deployments, defense and autonomous-vehicle applications, and work with technology partners on automated-driving reference platforms. Company updates also cover commercial momentum, manufacturing scale-up and investor event participation.
Aeva (NYSE: AEVA), a pioneer in sensing and perception systems, announced its participation in several investor conferences. Key events include the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 9, 2021, and the Piper Sandler Global Technology Conference on September 13, 2021. Additionally, Aeva will be part of the Morgan Stanley Virtual 9th Annual Laguna Conference on September 14, 2021, and the Evercore ISI Autotech & AI Forum on September 21, 2021, at 3:30 PM ET. Founded by former Apple engineers, Aeva focuses on advanced perception technology for various industries.
Aeva (NYSE: AEVA) reported Q2 2021 results, achieving revenue of $2.6 million, up from $1.6 million in Q2 2020. The company experienced a GAAP operating loss of $24.7 million compared to $5.0 million in the same quarter last year. Aeva's collaboration with Nikon aims to enhance industrial automation using its 4D LiDAR technology. The firm is on track to complete B sample development by year-end and has expanded its team by over 100% in recent quarters. Aeva holds $502.5 million in cash and equivalents as of June 30, 2021.
Aeva (NYSE: AEVA) announced a partnership with Nikon Corporation to develop 4D LiDAR technology for industrial automation and metrology markets. The collaboration aims to leverage Aeva's unique LiDAR technology to deliver high precision solutions, enhancing functionality, accuracy, and cost efficiency. Nikon, with a revenue of approximately $600 million in this segment, targets product release by 2025, focusing on significant growth potential beyond automotive applications. The partnership seeks to accelerate the adoption of innovative industrial solutions.
Aeva (NYSE: AEVA) will report its second quarter 2021 results after market close on Thursday, August 12, 2021. A conference call to discuss the results is scheduled for 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) on the same day. Founded by former Apple engineers, Aeva focuses on advanced 4D LiDAR sensing and perception systems, targeting various applications including automated driving and industrial robotics. Investors can access the call via the company’s investor relations website.
Aeva Technologies, a leader in next-generation sensing systems, announced its participation in several investor events in June 2021. Co-founder and CEO Soroush Salehian and CFO Saurabh Sinha will host individual and group meetings at the following conferences:
- J.P. Morgan LiDAR Day - May 27, 2021 at 3:00pm ET
- Craig-Hallum Institutional Investor Conference - June 2, 2021
- Needham & Company Automotive Technology Conference - June 8, 2021
- Deutsche Bank Global Auto Industry Conference - June 16, 2021 at 3:45pm ET
- Credit Suisse Mobility Start-up Forum - June 22, 2021
Aeva, listed as AEVA on NYSE, aims to advance perception technology across multiple sectors.
Aeva Technologies (NYSE: AEVA) reported its first quarter 2021 results, highlighting key developments. The company completed a merger with InterPrivate Acquisition Corp, resulting in $513 million in net proceeds. Aeva secured foundational agreements to develop LiDAR solutions for autonomous systems and established partnerships with Denso and TuSimple. Financially, Aeva reported revenue of $0.3 million, down from $0.5 million year-over-year, with a GAAP operating loss of $20.1 million. Cash reserves stood at $523 million as of March 31, 2021. Future objectives include accelerating production efforts and strengthening the supply chain.
Aeva Technologies, Inc. (NYSE: AEVA) announced the formation of a new Advisory Board featuring industry veterans Steve Zadesky and Alex Hitzinger. Zadesky, a former Apple executive, contributed to the development of key products, including the iPod and iPhone. Hitzinger, currently CEO of ARTEMIS GmbH, has extensive experience in automotive leadership, including senior roles at Volkswagen and Porsche. This strategic hiring aims to enhance Aeva's capabilities in 4D LiDAR technology and strengthen its position in automotive and consumer markets.
Aeva Technologies, Inc. (NYSE: AEVA) announced enhancements to its 4D LiDAR technology, achieving a detection range of over 500m. This improvement allows for instant identification of vehicles beyond 500m and pedestrians beyond 350m, critical for safety in automated driving. The advancements stem from Aeva's unique FMCW LiDAR architecture, which offers superior sensitivity and reliability compared to traditional systems. This innovation supports Aeva's commitment to delivering unmatched performance and scalability in the perception technology sector.
Aeva Technologies, Inc. (NYSE: AEVA) will report its first quarter 2021 results after market close on May 13, 2021. A conference call and webcast will follow at 2:00 p.m. PT / 5:00 p.m. ET. Founded by former Apple engineers, Aeva specializes in advanced 4D LiDAR sensing technologies with applications across various sectors, including automated driving and consumer electronics. The company has notable backing from investors like Porsche SE and Lux Capital. Details for joining the call are available on Aeva's investor relations website.
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.