Aeva Technologies announced that it has been selected as the exclusive Tier‑1 supplier of its Atlas Ultra 4D LiDAR for a leading European passenger‑vehicle OEM’s global series‑production platform. The multi‑year agreement will integrate the sensor into the OEM’s vehicle line outside China, with production slated to begin in 2028.
The contract marks a pivotal shift for the OEM, which will be the first passenger‑car manufacturer to transition from conventional time‑of‑flight LiDAR to Aeva’s FMCW 4D technology. The new system’s ability to measure velocity in addition to 3‑D position enables Level 3 automation and provides a robust, interference‑immune sensing solution that is increasingly demanded by automakers seeking higher‑level autonomy.
Aeva’s financial trajectory underscores the significance of the win. Revenue grew from $1.6 million in Q4 2023 to $2.7 million in Q4 2024, and to $3.6 million in Q3 2025, reflecting a steady expansion of its automotive and industrial customer base. Operating losses narrowed from $36.8 million in Q4 2023 to $34.2 million in Q4 2024 and to $33.2 million in Q3 2025, driven by disciplined cost management amid increased R&D and manufacturing ramp‑up. Cash and cash equivalents stood at $112 million at the end of 2024, and a $100 million investment from Apollo Global Management in November 2025 further strengthened liquidity.
The deal places Aeva in a competitive position against other solid‑state LiDAR vendors such as Ouster, Luminar, and Innoviz. In addition to the new OEM contract, Aeva maintains strategic partnerships with Daimler Truck for commercial‑vehicle applications and with LG Innotek for co‑development and manufacturing, broadening its market reach across automotive, industrial robotics, security, and infrastructure sectors.
CEO Soroush Salehian emphasized the contract’s importance, stating, “After months of close collaboration, we are honored to be selected by an industry‑leading automaker with millions of vehicles in annual production worldwide. This partnership validates our FMCW technology and positions us to scale our solutions in a high‑volume production environment.” He added that the $100 million capital infusion from Apollo will accelerate product development and support the company’s long‑term growth strategy.
The exclusive global production agreement represents a critical milestone in Aeva’s commercialization strategy, moving the company closer to achieving multi‑year production volumes and reinforcing its position as a leading provider of 4D perception solutions for the automotive industry.
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