Aeva Technologies(NASDAQ) AEVA

Aeva Technologies makes sensors that help machines see and move. These chips allow machines to measure object speeds in real time. The technology helps prevent accidents and improves automation for several industries.

What Aeva Makes

• 4D LiDAR-on-Chip: Sensing hardware that uses Light Detection and Ranging (LiDAR) to map surroundings by measuring depth, reflectivity, and speed.
• Proprietary Software: Digital applications that work with sensing hardware to provide perception and autonomy for vehicles and robots.
• Engineering Services: Custom technical work provided to clients to adapt sensing solutions for specific industrial or automotive requirements.

Partnerships and Growth

• Partnered with LGIT in 2025 to bring sensing technology to new industrial and consumer markets.
• Raised $108.8 million in net proceeds through a public stock offering in June 2026.
• Secured $100 million in financing through convertible senior notes on Nov. 4, 2025.
• Established a facility agreement in 2023 for access to up to $125.0 million in capital.

The Speed Advantage

Aeva uses specialized technology to measure distance and speed for every pixel instantly. This method for sending light signals allows machines to see 500 meters away without sunlight interference.

Checking the Books

• Total revenue was $12.4 million for the six months ended June 30, 2026, up 40% year over year.
• Professional service revenue rose 174% to $3.6 million in the three months ended June 30, 2026.
• Product revenue decreased 39% to $2.5 million for the three-month period ended June 30, 2026.
• Net loss was $79.6 million for the three months ended June 30, 2026, down 59% year over year.
• Cash and marketable securities totaled $177.9 million as of June 30, 2026.

Bottom Line

Aeva is moving from developing technology to supplying high-speed sensing chips for global markets. Its focus on custom engineering and strategic partnerships supports its long-term growth in automated driving.