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Aeva Technologies
Aeva Technologies builds FMCW lidar-on-a-chip that captures velocity data at range for autonomous vehicles and industrial automation.
Aeva Technologies
Aeva Technologies was founded in 2017 by Soroush Salehian and Mina Rezk, both former engineers from Apple’s special projects group. The company emerged from their conviction that autonomous machines required a fundamentally different sensing approach than the time-of-flight lidar systems that dominated the market. Their frequency-modulated continuous wave (FMCW) architecture captures per-pixel velocity data in addition to 3D position, a capability they carry forward as a publicly traded developer of advanced perception systems. The company’s core technology is a silicon-photonics-based FMCW lidar-on-a-chip that integrates all key components onto a single module. This approach targets automotive-grade reliability for advanced driver-assistance systems and autonomous vehicle programs, while also addressing industrial automation and consumer electronics applications. Aeva has disclosed production relationships with Daimler Truck and Plus, and in 2022 revealed it would supply sensors for the next-generation Mercedes-Benz drive pilot system. The technology’s ability to measure instantaneous velocity for every point in the scene, at ranges beyond 300 meters, creates a data advantage for perception stacks that must distinguish moving pedestrians from static poles without consuming excessive compute. Aeva went public through a SPAC merger with InterPrivate Acquisition Corp. in March 2021, raising approximately $560 million in gross proceeds. The company has operations in Mountain View, California, with a semiconductor design presence that leverages partnerships with global foundries for its lidar chip fabrication. In January 2024, Aeva announced it had delivered its first production-intent samples to a major German automotive OEM, marking a milestone in its industrialization timeline (per the firm, January 2024). Aeva’s structural distinction lies in its vertically integrated silicon photonics platform, which it argues can achieve the cost, reliability, and scale required for mass-market automotive adoption. Unlike competitors that assemble discrete components from third-party suppliers, the company designs its own lidar transceiver chips, allowing it to own the supply chain in a way comparable to what Mobileye achieved with its EyeQ system-on-chip in the computer vision era.
General information
Firm type
Asset Manager
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Mountain View
Corporate office
Mountain View, CA, United States
Principals
Soroush Salehian
Co-Founder and CEO
Mina Rezk
Co-Founder and CTO
Sector focus
Frequently asked questions
How does Aeva's FMCW lidar differ from conventional time-of-flight lidar?
FMCW technology from Aeva measures both distance and instantaneous velocity for every pixel directly from the sensor, without requiring successive frames to estimate motion, which is how time-of-flight systems operate. The continuous-wave approach also provides immunity to interference from other lidar sensors and sunlight, as each photon returning to the receiver is coherently detected and validated. This architecture produces a lower data burden on the vehicle's perception computer because velocity is a measured value rather than a computationally inferred one.
What is the status of Aeva's automotive production program?
Aeva has publicly disclosed a production program with Daimler Truck for commercial vehicle applications and was named as a sensor supplier for the Mercedes-Benz drive pilot conditional automated driving system. In January 2024, the company announced delivery of its first production-intent samples to a major German automotive OEM, signaling progression into the industrialization phase. The company targets start of production in the 2025–2026 timeframe, subject to customer program cadences.
Who leads Aeva's technology and business direction?
Co-founders Soroush Salehian and Mina Rezk jointly lead Aeva. Rezk serves as Chief Technology Officer and is the principal architect of the company's FMCW lidar-on-chip platform. Salehian is the CEO and previously held roles at Apple in procurement and supply chain for the special projects group, giving the founding team a blend of technical depth and operational experience relevant to scaling a hardware business.
How did Aeva access public markets, and what was its financial position?
Aeva merged with InterPrivate Acquisition Corp., a special purpose acquisition company, and began trading on the New York Stock Exchange in March 2021 under the ticker AEVA. The transaction provided approximately $560 million in gross proceeds to fund the company's path to volume production, including a $200 million private investment in public equity from Sylebra Capital and other institutional investors, per company filings.
Does Aeva's sensing technology apply beyond automotive uses?
Although automotive is Aeva's primary near-term commercialization focus, its silicon photonics platform has applications in industrial automation, where perception of moving machinery and personnel at long ranges is critical, and in consumer devices where the single-chip architecture offers miniaturization potential. The company has suggested but not publicly disclosed commercialization timelines for these verticals.
What is Aeva's relationship with Apple, given the founders' backgrounds?
Soroush Salehian and Mina Rezk previously worked at Apple's special projects group, but there is no public record of an ongoing commercial, equity, or supply relationship between Aeva Technologies and Apple. The founders' experience developing complex hardware systems at scale informs Aeva's manufacturing approach, but the company operates independently and has no disclosed arrangement with their former employer.
How does Aeva address lidar interference in multi-sensor environments?
Aeva's FMCW architecture inherently provides interference immunity because the coherent detection system only accepts photons matching its own transmission frequency and modulation pattern. In practical terms, multiple Aeva-equipped vehicles can operate in close proximity without cross-talk blinding, a challenge that conventional pulsed lidar systems address through mechanisms such as time-domain channel hopping or statistical filtering, per the company's published technical papers.
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