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MOUNTAIN VIEW, Calif. - Aeva Technologies, Inc. (NASDAQ:AEVA), which has seen its stock surge nearly 390% over the past year according to InvestingPro data, has announced a collaboration with Swiss company Loxo, specializing in urban autonomy software, to integrate Aeva’s 4D LiDAR technology into Loxo’s autonomous vehicle fleet. The deployment of Aeva’s Atlas 4D LiDAR sensors will commence immediately across Loxo’s delivery vehicles designed for middle and last-mile logistics.
Loxo has chosen Aeva’s technology for its ability to provide high-resolution, long-range sensing, and precise detection of obstacles and road users at distances up to 500 meters. The robust performance of Aeva’s sensors is touted to be reliable even in challenging weather conditions, such as rain, snow, and dust. Additionally, the technology’s dynamic object detection and tracking capabilities are expected to provide centimeter accuracy for moving objects, and its vehicle motion estimation can offer accurate localization in the absence of GPS or reliable odometry.
Claudio Panizza, Co-founder and CTO of Loxo, emphasized the importance of Aeva’s real-time data for the safe and effective operation of their Digital Driver platform across various conditions and vehicle types. James Byun, Managing Director of Business Development at Aeva, expressed pride in supporting Loxo’s mission with their 4D LiDAR technology, which he claims goes beyond traditional sensing to ensure safe navigation in any environment.
The partnership signifies a strategic move towards establishing scalable and weather-resilient autonomous delivery services in Europe and potentially other markets. Loxo’s Digital Driver technology stack is integrated into purpose-built and retrofitted electric vehicles, aiming to address the increasing demands of urban and regional logistics with a focus on sustainable goods transportation. InvestingPro data reveals Aeva’s strong financial position, with a current ratio of 2.88 and minimal debt, providing a solid foundation for this expansion. The company has demonstrated impressive revenue growth of 96% over the last twelve months.
Aeva’s mission is to advance perception technology for a wide array of applications, from automated driving to industrial robotics and beyond. The company’s 4D LiDAR sensors, which detect instant velocity in addition to 3D position, are designed to enable autonomous devices to make more informed and safe decisions.
This information is based on a press release statement from Aeva Technologies, Inc. and does not constitute an endorsement of the company’s claims. The forward-looking statements included in the press release are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those projected. For comprehensive analysis and additional insights, including 15 more exclusive ProTips and detailed financial metrics, investors can access the full company research report through InvestingPro’s extensive database of 1,400+ US stocks.
In other recent news, Aeva Technologies reported record product revenue of $3.4 million for the first quarter of 2025, marking a significant achievement in its financial performance. The company also managed to reduce its non-GAAP operating loss by 19% year-over-year, indicating effective cost management. Canaccord Genuity has raised Aeva’s stock price target from $9.50 to $16.00, maintaining a Buy rating, reflecting confidence in Aeva’s revenue growth prospects through 2035. Aeva Technologies has been selected by Airbus UpNext to supply its 4D LiDAR technology for the Optimate project, which aims to enhance aircraft taxiing automation. This collaboration involves testing Aeva’s LiDAR units on an Airbus A350-1000 and an electric truck at Toulouse-Blagnac airport. Furthermore, Aeva announced a strategic collaboration with a global Fortune 500 technology subsidiary, which plans to invest up to $50 million in Aeva. This partnership is expected to enhance Aeva’s manufacturing capabilities and expand its market presence in various sectors, including consumer electronics and automotive. These developments highlight Aeva’s strategic efforts to strengthen its position in the competitive industrial and automotive technology markets.
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