Aeva Technologies (AEVA) Company Report

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.

2 days ago

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.

2 days ago

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

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

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

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.

Oct 1, 2025, 1:05 PM

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