Aeva Technologies Announces Third ⁣Quarter 2024 Results and Strategic Milestones

Aeva Technologies has announced its third quarter⁢ 2024 results, highlighting significant milestones and partnerships in the field of ‌LiDAR sensing‌ systems and perception and autonomy support software solutions.

Key Highlights

• Aeva ‍has secured ⁢a major production contract ‍with The Indoor Lab for deployment in U.S. airports and other locations.
• The company has ⁢been selected as a partner for the⁣ autonomous ⁤vehicle verification program by a‍ major European OEM and is ‍in the⁣ process of RFQ for vehicle programs from the top 10 global OEMs.
• In partnership with Torque Robotics and Daimler Trucks, Aeva is using its 4D LiDAR technology to enable fully ⁢driverless ‍operation‍ on highways.
• Aeva has advanced first shipments of⁤ the Aeva Atlas to ​meet ‌growing demand for automotive and industrial applications.
• As of⁣ September 30, 2024, the company had cash, cash ‌equivalents, and marketable securities of $134.8 million, with third​ quarter 2024 revenue of⁤ $2.3⁣ million.

About Aeva Technologies

Aeva Technologies is a leading provider of LiDAR sensing systems and related perception and autonomy support software solutions. The company⁣ serves a variety of applications, including autonomous driving, industrial robotics, consumer⁣ electronics,⁤ consumer health, security, and other fields.

Aeva supports the adoption of⁤ LiDAR for various ‍applications through its frequency-modulated‍ continuous wave (FMCW) sensing technology.