Matthew Paciulli

Matthew Paciulli asked about the potential impact of recent OEM pullbacks or delays in Level 3 deployments on Aeva's existing programs and pipeline timelines.

Answer

Soroush Salehian, Aeva's Co-Founder and CEO, clarified that some OEM programs are transitioning due to identified gaps in existing Level 3 solutions, which actually creates opportunities for Aeva to future-proof their stack. He noted that the Level 3 program with the top 10 passenger OEM resulted from a transition away from another Time of Flight solution. OEMs are now focusing efforts on Level 3 for 2028-2029 timelines, and Aeva's technology is well-timed to meet this demand, with these adjustments being coincidental with OEMs making critical decisions to bring Level 3 to market with the right partners.

Matthew Paciulli asked about the potential impact of recent OEM pullbacks on Level 3 deployments on Aeva's existing programs and pipeline, specifically if Aeva foresees any delays in OEM timelines.

Answer

Soroush Salehian, Aeva's Co-Founder and CEO, explained that some OEMs are transitioning to Aeva's technology precisely because they are looking to future-proof their AV stack due to gaps in existing solutions. He noted that OEMs are focusing efforts on Level 3 for programs targeting 2028-2029, and Aeva's timing aligns with these decisions, suggesting that these adjustments are coincidental with OEMs making decisions to bring Level 3 with the right partners as soon as possible.