Aeva

Aeva

Develops 4D LiDAR sensors for perception

About Aeva

Simplify's Rating
Why Aeva is rated
A
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A+ on Rating Differentiation

Industries

Robotics & Automation

Automotive & Transportation

Consumer Goods

Company Size

201-500

Company Stage

IPO

Total Funding

$368.5M

Headquarters

Mountain View, California

Founded

2017

Overview

Aeva develops advanced sensing technology, specifically 4D LiDAR sensors that can detect both the speed and 3D position of objects. These sensors are built using a silicon photonics chip, making them compact and efficient. Aeva's products are used in various fields, including automated driving, industrial robotics, consumer electronics, consumer health, and security. The company stands out from competitors by offering a unique combination of velocity and position detection in a single sensor, which enhances the capabilities of autonomous systems. Aeva's goal is to improve safety, efficiency, and functionality in industries that rely on automation.

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Simplify's Take

What believers are saying

  • Aeva's expansion in Europe boosts its presence in the automotive market.
  • Partnerships with companies like Joowon enhance utility sector efficiency.
  • Recognition as a top invention boosts Aeva's brand reputation and market appeal.

What critics are saying

  • Competition from established LiDAR companies like Velodyne and Luminar is increasing.
  • Regulatory hurdles may delay autonomous vehicle adoption, affecting demand.
  • Supply chain disruptions could delay LiDAR sensor production and delivery.

What makes Aeva unique

  • Aeva's 4D LiDAR uniquely measures both velocity and 3D position of objects.
  • Integration of key LiDAR components onto a silicon photonics chip enhances efficiency.
  • Aeva's technology offers superior performance across various weather conditions.

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Funding

Total Funding

$368.5M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Exceptional benefits: Medical, Dental, Vision, 401k + matching

Generous PTO: Paid holidays and flexible time off policies, generous maternity/paternity leave

Compensation: Competitive compensation and meaningful equity

Free meals & snacks: Daily lunches, unlimited snacks, and coffee

Team building: Ping pong tournaments, cool swag, and fun team off-sites

Flexible work schedule: We measure based on results, not hours punched on the clock. Remote/Work from home options provided

Company News

Investing.com
Oct 23rd, 2024
Aeva to supply LiDAR tech for US airport security upgrades

SAN JUAN CAPISTRANO, Calif. - The Indoor Lab, specializing in LiDAR perception and analytics, has partnered with Aeva Technologies Inc. (NYSE: NYSE:AEVA) to enhance security and operational efficiency at high-traffic locations in the United States, including John F. Kennedy International Airport's New Terminal One and San Francisco International Airport.

Business Wire
Apr 9th, 2024
Aeva Expands In Europe With New Automotive Center Of Excellence In Germany

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers. Additionally, autonomous vehicle industry expert Axel Gern has joined the company as Head of Engineering in Germany and will lead the COE. The COE was created in response to growing interest from the automotive market in Aeva’s unique Frequency Modulated Continuous Wave (FMCW) technology. Through the COE, Aeva’s team will intensify its partnerships with automotive OEMs by providing direct support for their programs focused on advanced vehicle automation, including engineering and rapid validation and testing. Through this close collaboration with the European automotive industry, the COE will also benefit Aeva’s development of next-generation 4D LiDAR sensing and perception technologies as the industry progresses toward implementing fully autonomous passenger and commercial vehicle programs. Axel is an automotive engineering veteran and thought leader with more than 20 years of experience in the development of advanced driver assistance systems, autonomous driving, and software development

Business Wire
Mar 12th, 2024
South Korea’S Joowon Industrial Selects Aeva 4D Lidar For Automated Power Line Inspection Program

MOUNTAIN VIEW, Calif. SEONGNAM CITY, South Korea--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, and Joowon Industrial, a South Korean global distributor and supplier of world-class testing equipment, today announced that Joowon has selected Aeva’s Aeries II 4D LiDAR for its automated power line inspection and analysis system. Power line inspection and analysis is a crucial yet predominantly manual process for most utilities. The inspection process entails deploying a considerable number of inspectors who physically survey the utility's service area and assess the condition of the lines. Their tasks encompass identifying worn components, pinpointing hot spots that may signify issues, and noting potential interference from vegetation. This process is costly and time-intensive, necessitating regular inspection to uphold the reliability of the power grid

MarketBeat
Sep 28th, 2023
Wedmont Private Capital Acquires Shares of 200,000 Aeva Technologies, Inc. (NYSE:AEVA)

Wedmont Private Capital acquires shares of 200,000 Aeva Technologies, Inc. (NYSE:AEVA).

Google News
Aug 10th, 2023
Railergy partners with Aeva to push forward 'Digital Rail Germany' programme

Railergy partners with Aeva to push forward 'digital rail germany' programme.

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