LG Innotek and Aeva Unveil Strategic Collaboration to Accelerate Expansion of Aeva Perception Platform Across Automotive, Robotics and Consumer Applications
Collaboration with Bendix, the ADAS Solutions Leader for Commercial Vehicle Systems, to bring Aeva 4D LiDAR to L2+ Collision Mitigation for High Volume Markets
Record Quarterly Revenue in Q2 Driven by Continued Commercial Momentum
Aeva® (NASDAQ: AEVA), a leader in next-generation sensing and perception systems, today hosted Aeva Day: Beyond the Beam in New York City, where the company showcased how its unique perception platform can enable the future of sensing and perception across multiple applications and industries at mass scale. At the event, key customers, partners and industry leaders shared their insights on Aeva’s differentiated performance and the growing trend towards FMCW technology.
Key Event Highlights
- Passenger Automotive: Mercedes-Benz and Wideye by AGC on next-generation LiDAR solutions for passenger vehicles and advantages of 4D LiDAR to enable L3 automated driving at highway speeds.
- Commercial Vehicles:
- Bendix and Aeva to bring 4D LiDAR to L2+ Collision Mitigation for High Volume Markets: Bendix’s flagship ADAS system is the market leader in collision mitigation and active safety solutions, representing one of the largest opportunities for active safety innovation in North America with approximately 300,000 new trucks sold annually. Bendix solutions are available on most major Class 8 OEM platforms including Paccar, Navistar, and the Volvo Group.
- Daimler Truck and Torc Robotics on progressing on track toward SOP and leveraging Aeva for L4 autonomy in trucking.
- LG Innotek: Keynote and fireside chat discussing the partnership with Aeva to accelerate expansion across a broad range of markets, starting with manufacturing of Atlas Ultra for passenger automotive including the Top 10 Passenger OEM and developing new products to enter new markets across robotics and consumer applications.
- Smart Infrastructure: Sotereon.ai and D2 Traffic Technologies on using Aeva 4D LiDAR to enhance safety and efficiency at venues including airports, and for intelligent traffic management.
- Manufacturing Automation: LMI Technologies and Nikon on leveraging Aeva’s precision for industrial automation applications including factory and process automation.
- Production Scaling and Supply Chain: Manufacturing partners, Tower Semiconductor and Jabil, on partnerships to accelerate the manufacturing of Aeva’s lidar-on-chip technology and sensing system at scale.
“Aeva is entering an inflection point where multiple years of investments leveraging our unified perception platform is accelerating next-generation capabilities across multiple automation use cases beyond the traditional uses for LiDAR,” said Soroush Salehian, Co-founder and CEO at Aeva. “This has been our vision from the beginning, and at Aeva Day, we shared how our chip-scale platform, and select customers and partners who are leaders in their fields, uniquely positions Aeva to deploy our products at mass scale. This includes our strategic collaboration with LG Innotek to accelerate our expansion into new and broader markets.”
During Aeva Day, the company also released its second quarter 2025 results. The webcast and replay of Aeva Day can be accessed at investors.aeva.com.
Second Quarter 2025 Financial Highlights
- Cash, Cash Equivalents and Marketable Securities
- Cash, cash equivalents and marketable securities of $49.8 million and available equity facility of $125.0 million as of June 30, 2025
- Revenue
- Revenue of $5.5 million in Q2 2025, compared to revenue of $2.0 million in Q2 2024
- GAAP and Non-GAAP Operating Loss*
- GAAP operating loss of $34.9 million in Q2 2025, compared to GAAP operating loss of $48.9 million in Q2 2024
- Non-GAAP operating loss of $25.1 million in Q2 2025, compared to non-GAAP operating loss of $32.0 million in Q2 2024
- GAAP and Non-GAAP Net Loss per Share*
- GAAP net loss per share of $3.49 in Q2 2025, compared to GAAP net loss per share of $0.82 in Q2 2024
- Non-GAAP net loss per share of $0.44 in Q2 2025, compared to non-GAAP net loss per share of $0.57 in Q2 2024
- Shares Outstanding
- Weighted average shares outstanding of 55.2 million in Q2 2025
- The strategic investment by LG Innotek in Aeva has been recorded as a share subscription liability at a fair value of $77.5 million as of June 30, 2025. Upon closing, we anticipate to issue common shares of Aeva to LG Innotek and the share subscription liability will convert into equity based on the fair value on the closing date.
- Series A and private placement warrant liability recorded at fair value as of June 30, 2025 of $102.1 million is not expected be settled in cash.
*Tables reconciling GAAP to non-GAAP measures are provided at the end of this release.
