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Not to be confused with Aeva Maurelle.

Aeva, Inc.
Company typePublic
Industry
FoundedDecember 5, 2016; 7 years ago (2016-12-05) in Mountain View, California, United States
Founders
  • Soroush Salehian
  • Mina Rezk
Headquarters
Mountain View, California
,
U.S.
Area served
Worldwide
Key people
  • Soroush Salehian
    (CEO), Mina Rezk
    (CTO), Saurabh Sinha (CFO)
ProductsAeries I, Aeries II, Atlas
Number of employees
c. 300 (2023)
Websiteaeva.com

Aeva Technologies, Inc. (NYSE: AEVA) is a publicly traded American corporation specializing in sensing hardware and perception software, including LiDAR, headquartered in Mountain View, California.[1] Aeva makes sensing and perception tools for vehicular automation, metrology, and industrial automation.[2]

History

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Aeva was founded in 2016 by entrepreneurs Soroush Salehian and Mina Rezk, who previously worked in Apple's Special Projects Group and at Nikon.[3] Following a $3.5 million seed round in 2017, the company came out of stealth mode and raised a subsequent $45 million Series A from Lux Capital and Canaan Partners.[4] The company then raised a corporate round from strategic investors including Porsche SE, and Lockheed Martin. In 2021, Aeva merged with InterPrivate Acquisition Corp. to raise over $560 million and trade publicly on the NYSE under the ticker symbol, AEVA.[5] Aeva also announced a $145 million capital raise with existing long-term stockholders in 2023. To date, Aeva is the only LiDAR company that Porsche SE has invested in.[6]

In 2021, Aeva chose Fabrinet as its contract manufacturer to produce its CoreVision "LiDAR-on-Chip" modules.[7]

In that year, Nikon was Aeva's first industrial metrology customer, and TuSimple completed the industry's first fully autonomous drive using Aeva's sensor.[8]

In 2022, Aeva was the first 4D LiDAR company enabled on Nvidia Drive autonomous-vehicle platform.[9] In 2022, NASA enlisted Aeva's technology to help astronauts map and navigate the moon for upcoming Artemis missions.[10] [11] The company also signed with SICK AG to provide its 4D LiDAR technology to industrial automation equipment.[12]

In 2023, Railergy signed on to use Aeva's technology to help automate Deutsche Bahn Cargo's locomotives by identifying obstructions on and around rails.[13] Also in 2023, May Mobility selected Aeva's technology for its next-generation Toyota Sienna autonomous transit vehicles, supplying multiple sensors per vehicle for thousands of May Mobility vehicles through 2028.[14]

In 2024, Daimler Truck and its subsidiary Torc Robotics announced the selection of Aeva's 4D LiDAR technology for its autonomous vehicle program, which begins production in 2026 with autonomous Freightliner Cascadia trucks sold for use on U.S. roads in 2027.[15]

Technology

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Aeva develops what it describes as "4D LiDAR" using Frequency Modulated Continuous Wave (FMCW) technology to detect 3D position and instant velocity for every point simultaneously.[16] Unlike conventional "Time of Flight", or 3D LiDAR, which measures depth and reflectivity, Aeva's 4D LiDAR uses a continuous, low-power laser beam to measure the change in frequency of the wave as it reflects on an object to detect velocity in addition to reflectivity and depth.[17]

Aeva's technology is the first to simultaneously achieve high resolution (up to 4 million points per second) at long ranges. It has a maximum detection range of 500 meters, can detect pedestrians and bicycles beyond 350 meters, and ground drivable regions beyond 200 meters.[18]

Aeva's technology is free from interference from other LiDAR sensors and sunlight. It is designed to enable autonomous vehicles to see with higher resolution at distances around 500 meters.[19]

Aeva developed "LiDAR-on-Chip" technology, using silicon photonics that integrates the core optical components into a module capable of being produced in high volumes, in contrast to other long-range LiDAR that uses fiber optic lasers and components that are difficult to mass-produce.[20]

Aeva developed X1 "System-on-Chip" processor technology, known as an application-specific integrated circuit, that integrates data acquisition, point-cloud processing, scanning, and application software in a single, mixed-signal chip.[21]

Aeva's technology comes to centimeter-level accuracy at hundreds of meters of range for automotive applications and micron-level accuracy at tens of meters for industrial metrology applications.[22]

Products

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Aeries I

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Aeries I (a-sample), with a 120-degree field-of-view, was unveiled at CES 2020 and was used for development and testing by Audi's Autonomous Intelligent Driving (AID) division as well as commercial autonomous trucking pioneers TuSimple and Plus.[6][23]

Aeries II

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In February 2022, Aeva released Aeries II (b-sample) as its first 4D LiDAR sensor with a 120-degree field-of-view using its "LiDAR-on-Chip" technology. Aeries II was 75% smaller than its predecessor, allowing a wider range of sensor integration points in automotive and non-automotive applications and designed for automotive-grade reliability requirements. The sensor was the first to use Ultra Resolution, a feature delivering real-time camera-level images with no motion blur, providing up to 20 times the resolution of conventional LiDAR sensors.[24]

Atlas

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In 2023, Aeva released Atlas (c-sample) at CES 2024 as its mass-production intent sensor. Atlas is 70% smaller than Aeries II, made possible by Aeva's innovations in custom silicon technology, including the Aeva CoreVision fourth generation "LiDAR-on-Chip" module and Aeva X1, a powerful "System-on-Chip" LiDAR processor. Daimler Truck was also announced as the first customer of Atlas in a $1B agreement.[2][25]

Operations

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Aeva is headquartered in Mountain View, California, and has operations in Milpitas, California. Other operations are in New York, China, Germany, India, and Thailand.[26]

Industry Recognition

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  • Time Magazine Best Invention of 2022 (Aeries II 4D LiDAR)[27]
  • CES 2023 Innovation Award Honoree (Aeries II 4D LiDAR)[28]

Reuters Automotive D.R.I.V.E 2023 Innovation Honours Shortlist[29]

  • AutoTech Breakthrough Awards - Overall Auto Sensor Company of the Year 2021 & 2022

[30]

See also

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References

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  1. ^ "Aeva, the new kid in lidar: 'We've created entirely new tech'". The Business Journal. Retrieved March 22, 2024.
  2. ^ a b "Aeva to supply sensors to Daimler Truck in $1 billion deal". Reuters. Retrieved March 22, 2024.
  3. ^ "Ex-Apple engineers show their startup's self-driving car sensor". Reuters. Retrieved March 22, 2024.
  4. ^ "Robotics investments recap: October 2018". Robotics Report. November 5, 2018. Retrieved March 22, 2024.
  5. ^ "Aeva, a Lidar and Autonomous Vehicle Start-Up, Goes Public". NASDAQ. Retrieved March 22, 2024.
  6. ^ a b "Aeva snags VW investment with smaller, longer-range lidar". TechCrunch. December 12, 2019. Retrieved March 22, 2024.
  7. ^ "Aeva and Luminar deals show LiDAR gaining traction". Retrieved March 22, 2024.
  8. ^ "Aeva to Supply LiDAR Sensors for TuSimple's Self-Driving Trucks". Automotive News. Retrieved March 22, 2024.
  9. ^ "Aeva 4D-LiDAR Sensors Ported to Nvidia's Drive Sim Platform". Global Spec. Retrieved March 22, 2024.
  10. ^ "Aeva and NASA want to map the moon with liDAR-powered knack pack". TechCrunch. April 21, 2022. Retrieved March 22, 2024.
  11. ^ "NASA Partners Develop Lunar Backpack Technology to Aid New Moon Explorers". NASA. April 20, 2022. Retrieved March 22, 2024.
  12. ^ "Aeva Strikes Deal to Sell Industrial Sensors to Germany Automation Firm". Reuters. Retrieved March 22, 2024.
  13. ^ "Railergy partners with Aeva to push forward 'Digital Rail Germany' programme". Railway Technology News. August 10, 2023. Retrieved March 22, 2024.
  14. ^ "Aeva to supply self-driving sensors to NTT-backed May Mobility". Reuters. Retrieved March 22, 2024.
  15. ^ "Lidar Maker Aeva Wins Multiyear Contract for Daimler Trucks". Bloomberg. Retrieved March 22, 2024.
  16. ^ "Aeva to Provide Autonomous Train FMCW LiDAR for Major European Freight Carrier". Driving Vision News. September 6, 2023. Retrieved March 22, 2024.
  17. ^ "LiDAR Startup Seals $1 Billion Self-Driving Truck Deal". IOT World Today. Retrieved March 22, 2024.
  18. ^ "Self-Driving Startup Eva Says Its Sensor Can Detect Vehicles Over 500M Away". Reuters. Retrieved March 22, 2024.
  19. ^ "Aeva Launches Atlas FMCW Lidar Sensor, Daimler Trucks First Customer". Forbes. Retrieved March 22, 2024.
  20. ^ "Aeva introduces Atlas 4D lidar sensor for automotive applications". Autotech Insight. January 9, 2024. Retrieved March 22, 2024.
  21. ^ "Aeva Reports Fourth Quarter and Full Year 2023 Results". Financial Times. Retrieved March 22, 2024.
  22. ^ "Aeva Accelerates FMCW 4D Lidar With Camera-Level Resolution". Informa. Retrieved March 22, 2024.
  23. ^ "Audi self-driving unit taps newcomer Aeva for its unique LiDAR". TechCrunch. April 17, 2019. Retrieved March 22, 2024.
  24. ^ "Aeva launches 'first' 4D LiDAR with camera-level clarity". Optics News. Retrieved March 22, 2024.
  25. ^ "Aeva Launches Atlas FMCW LiDAR Sensor with Daimler Trucks as First Customer". Forbes. Retrieved March 22, 2024.
  26. ^ "Aeva, US expands presence in Germany, India, and Thailand". MarkLines. November 4, 2022. Retrieved March 22, 2024.
  27. ^ "Time Best Inventions of 2022". Time magazine. November 10, 2022. Retrieved March 22, 2024.
  28. ^ "CES Innovation Awards". CES. Retrieved March 22, 2024.
  29. ^ "D.R.I.V.E 2023 Innovation Honours". Reuters. Retrieved March 22, 2024.
  30. ^ "2021 Winners". Autotech Breakthrough. Retrieved March 22, 2024.
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