Aeva launches Atlas Orion 4D LiDAR for smart infrastructure

MOUNTAIN VIEW, Calif. - Aeva (NASDAQ:AEVA), a $766 million market cap technology company that has seen its stock surge over 186% year-to-date, introduced its Atlas Orion 4D LiDAR sensor designed for smart infrastructure and security applications, the company announced Tuesday in a press release. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt.

The new sensor is certified to meet NEMA-TS2 traffic control systems standards for operation in harsh outdoor environments. It features an integrated power-over-ethernet interface that simplifies deployment through a single cable connection for both power and data.

Atlas Orion offers detection capabilities of up to 500 meters for vehicles and 200 meters for pedestrians, with a 120-degree field of view. The sensor utilizes Aeva’s frequency modulated continuous wave (FMCW) technology to simultaneously measure both velocity and position of objects. With analysts projecting 105% revenue growth for fiscal year 2025, this product launch could be significant for the company’s expansion plans.

According to Mina Rezk, Co-Founder and CTO of Aeva, "Atlas Orion sets a new standard for smart infrastructure. This product is part of our expanding vision to create smarter, safer, and more efficient cities."

The company states the sensor operates effectively in low-light conditions and remains unaffected by sunlight glare or interference from reflective surfaces. It also collects situational data without capturing personally identifiable information, addressing privacy concerns in public spaces.

Aeva has begun shipping Atlas Orion to initial customers including Sotereon.ai and D2 Traffic Technologies for applications in traffic management and smart infrastructure.

The Mountain View-based company specializes in next-generation sensing and perception systems that integrate LiDAR technology onto silicon chips for various applications including automated driving and smart infrastructure. While InvestingPro analysis indicates the company’s overall financial health score remains weak, investors can access comprehensive insights and 14 additional ProTips about Aeva through the Pro Research Report, available exclusively to subscribers.

In other recent news, Aeva Technologies Inc. reported record revenue for the second quarter of 2025, reaching $5.5 million. This milestone comes as the company outlines ambitious growth plans, projecting a revenue increase of 100-110% for the year 2025. Despite these positive results, Aeva’s stock experienced a decline during regular trading. In another development, Canaccord Genuity has raised its price target for Aeva Technologies to $24.00 from $16.00, maintaining a Buy rating on the stock. The adjustment reflects changes in Canaccord’s financial model for the lidar technology firm. These updates highlight the company’s recent achievements and the ongoing interest from financial analysts.

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