Aeva Technologies (AEVA) Company Report

The Global Automotive LiDAR Sensors Market is projected to grow substantially from USD 748.38 Million in 2025 to USD 4.12 billion by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 32.91%. This expansion is primarily driven by advancements in autonomous mobility and the increasing integration of Advanced Driver Assistance Systems (ADAS) due to rigorous safety standards.
A significant impediment to broader market growth is the elevated cost of components, which restricts the adoption of LiDAR technology to high-end vehicle models and commercial fleets, leading to financial strain on suppliers.
Despite cost challenges, manufacturing cost reductions and the shift towards solid-state architectures are facilitating the spread of LiDAR beyond luxury segments. The increasing adoption of Frequency-Modulated Continuous Wave (FMCW) technology, which offers superior performance, is also a key trend, with Aeva securing initial orders for over 1,000 units of its advanced sensors.

Jan 26, 2026, 9:11 AM

Press Release

Automotive LiDAR Market Projected for Significant Growth by 2035

AEVA

Revenue Acceleration/Inflection

New Projects/Investments

The global automotive LiDAR market is projected to grow from USD 1.26 billion in 2025 to USD 25.75 billion by 2035, exhibiting a CAGR of 35.16% during this period.
The market is transitioning to high-volume manufacturing, with key players like RoboSense and Hesai shipping 544,200 and 501,889 units respectively in 2024.
Price erosion is a primary growth catalyst, with Hesai targeting sub-USD 200 price points and average selling prices in China stabilizing between USD 450–500 in 2024.
The Asia Pacific region is projected to lead the market with a 57.1% share in 2025, driven by the standardization of LiDAR in Battery Electric Vehicles (BEVs), which command a 93% share of the passenger car LiDAR market in key regions like China.
Financially, Hesai achieved full-year non-GAAP net profitability in 2024 with USD 285 million in revenue, while Ouster reported USD 111 million in total revenue for full-year 2024.

Jan 20, 2026, 6:26 PM

Press Release

Aeva Technologies Selected by Forterra for Autonomous Defense Vehicles

AEVA

New Projects/Investments

Product Launch

Aeva Technologies (Nasdaq: AEVA) has been selected by Forterra to provide its 4D LiDAR sensors and perception technology for Forterra’s autonomous vehicle system, AutoDrive.
This agreement marks Aeva’s first win in the defense sector, expanding its role as a trusted LiDAR supplier for defense autonomy programs.
Aeva’s 4D LiDAR technology will enhance environmental awareness, obstacle detection, and navigation performance for Forterra's autonomous defense vehicles, especially in unstructured, contested, and GPS-denied environments.

Jan 20, 2026, 12:00 PM

Press Release

Aeva's 4D LiDAR Selected for NVIDIA DRIVE Hyperion Platform

AEVA

Product Launch

New Projects/Investments

Aeva's Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology has been selected as the reference sensor for the NVIDIA DRIVE Hyperion autonomous vehicle reference platform.
This integration expands Aeva's role as a core LiDAR sensor supplier to global passenger and commercial vehicle OEMs that have selected NVIDIA’s autonomous vehicle architecture.
Aeva and NVIDIA will collaborate to integrate Aeva’s technology platform into Hyperion to support production vehicle programs, targeting a 2028 Start of Production.
The NVIDIA DRIVE Hyperion platform is an open, modular AV development platform designed to enable Level 3 and Level 4 automated driving features.

Jan 5, 2026, 11:00 PM

Press Release

Aeva Technologies Secures Exclusive LiDAR Deal

AEVA

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Aeva Technologies secured a decade-long exclusive contract to supply its Atlas™ Ultra 4D LiDAR technology to a major European passenger vehicle manufacturer for Level 3 automated driving, with production starting in 2028 and extending into the mid-2030s.
This deal marks a significant industry milestone, positioning Aeva as a Tier-1 supplier and transitioning the OEM to Aeva's 4D LiDAR platform, which detects both velocity and position simultaneously.
The announcement led to Aeva's stock surging 9% in premarket trading, reflecting optimism despite the company's current negative profitability margins and weak revenue growth.

Dec 3, 2025, 1:29 PM

Morningstar

Aeva Technologies Secures Exclusive Global Production Contract with Top European OEM

AEVA

New Projects/Investments

Product Launch

Aeva Technologies, Inc. (AEVA) announced on December 3, 2025, that it has been selected as the exclusive LiDAR supplier for a Top European passenger OEM's global series-production vehicle platform to enable Level 3 automated driving.
This multi-year production program is expected to span the next decade, with Aeva's start of production targeted in 2028.
The contract will support multiple vehicle models across the OEM's global platform outside of China, including internal combustion, hybrid, and electric models.
The OEM will standardize its Level 3 system on Aeva's sensing and perception technology, transitioning to Aeva's next-generation 4D LiDAR perception platform.

Dec 3, 2025, 12:10 PM

8-K

Aeva Technologies, Inc. Issues Convertible Senior Notes

AEVA

Debt Issuance

Convertible Preferred Issuance

Aeva Technologies, Inc. (AEVA) has issued senior, unsecured convertible notes with an aggregate principal amount not exceeding $100,000,000.
The notes bear an interest rate of 4.375% per year, payable semi-annually on May 15 and November 15, commencing May 15, 2026, and will mature on November 15, 2032.
The initial conversion rate is 63.0348 shares of Common Stock per $1,000 principal amount of notes, which is an initial conversion price of approximately $15.8643 per share.
The company may redeem the notes at its option on or after November 20, 2028, if the common stock's sale price exceeds 130% of the conversion price for a specified period.

Nov 6, 2025, 10:29 PM

8-K

Aeva Announces Q3 2025 Results, Secures $100 Million Investment, and Advances Key OEM Programs

AEVA

Earnings

Debt Issuance

New Projects/Investments

Aeva reported Q3 2025 revenue of $3.6 million and a non-GAAP operating loss of $27.2 million, which declined 13% year-over-year.
The company secured a $100 million investment from Apollo Global Management in convertible senior notes, increasing its pro forma liquidity to approximately $270 million.
Aeva completed its development program with a top 10 global passenger OEM ahead of schedule and is in late-stage contract negotiations for a series production award for a Level 3 driving platform, targeting a late 2027, early 2028 launch.
Progress continues with the Daimler Truck production program, remaining on track for a 2027 market entry, with initial orders received for 2026 Atlas C samples.
In precision sensing, Aeva began shipping EVE 1D sensors against initial 1,000-plus unit orders and launched the EVE 1V motion sensor, with production lines installed and operational in Thailand.

Nov 5, 2025, 10:00 PM

Transcript

Aeva Technologies, Inc. Announces Third Quarter 2025 Results

AEVA

Earnings

Debt Issuance

New Projects/Investments

Aeva Technologies, Inc. reported revenue of $3.6 million for Q3 2025, an increase from $2.3 million in Q3 2024.
The company's GAAP operating loss was $33.2 million in Q3 2025, an improvement from $37.9 million in Q3 2024, and GAAP basic net income per share was $1.86 compared to a net loss of $0.70 in Q3 2024.
Aeva successfully completed a joint development program with a Top-10 global passenger OEM and is in late-stage contract negotiations for a series production award.
The company bolstered its balance sheet with a $100 million investment from Apollo Global Management in convertible unsecured senior notes.

Nov 5, 2025, 9:15 PM

8-K

LightIC Announces General Availability of LARK FMCW LiDAR

AEVA

Product Launch

New Projects/Investments

LightIC announced the general availability of its automotive FMCW LiDAR, LARK, on October 1, 2025, positioning it among the first companies worldwide to deliver scalable, mass-production-ready FMCW LiDAR.
The LARK system combines Frequency-Modulated Continuous Wave (FMCW) technology with Silicon Photonics (SiPh) Chip integration, offering instantaneous, pixel-level velocity awareness and the ability to detect objects more than 500 m away.
This technology aims to address critical safety gaps of legacy Time-of-Flight (ToF) LiDAR by providing a solution that is inherently interference-free and blooming free, accelerating OEM roadmaps toward advanced driver assistance systems (ADAS) and L3/L4 autonomous driving.