# Aeva Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aeva-technologies

- Industry: Electronics
- Headquarters: Mountain View, US
- Website: www.aeva.ai
- Total disclosed funding: $45M
- Latest round: Series A (Oct 1, 2018)
- Investors on record: 2

## About

Aeva Technologies, Inc. develops advanced sensing and perception systems utilizing Frequency Modulated Continuous Wave (FMCW) technology, delivering high-performance sensors for automotive and industrial applications.Founded in 2017 and headquartered in Mountain View, US, Aeva Technologies focuses on innovative sensing technologies. Co-founders Mina Rezk and Soroush Salehian have a background in technology, with Salehian as the current CEO. Aeva has successfully raised USD 200.00 mn in PIPE funding from Sylebra Capital, bringing the total amount raised to USD 200.00 mn following four deals, with the latest deal occurring on January 4, 2021.Aeva specializes in high-performance sensors that leverage unique FMCW technology. Their key products include the Atlas, a 4D LiDAR sensor designed for automotive applications, and the Eve 1D sensor, which excels in small object detection. These technologies are integrated into various automotive production programs, serving clients across North America, Europe, and Asia, where the demand for autonomous vehicle technologies is increasing.In the most recent fiscal year 2024, Aeva reported revenue of USD 9.07 mn, with an EBITDA of USD -149.43 mn. The company generates income primarily through B2B transactions, including multi-year contracts with automotive manufacturers such as Daimler Trucks, which enhance their revenue strategy.Aeva plans to launch new products, including advanced versions of the Atlas sensor by 2026, while expanding its market presence in Europe and Asia. The recent PIPE funding of USD 200.00 mn will support these initiatives, facilitating product development and enhancing their market reach.

## Funding rounds

- Series A, Oct 1, 2018, $45M — Canaan Partners, Lux Capital

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A