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MOUNTAIN VIEW, Calif. - Aeva Technologies, Inc. (NASDAQ:AEVA) has achieved Trusted Information Security Assessment Exchange (TISAX) Assessment Level 2 certification, the company announced in a press release statement. The company’s stock has shown remarkable momentum, delivering nearly 395% returns over the past six months, according to InvestingPro data.
The certification demonstrates that Aeva meets the information security requirements established by the German Association of the Automotive Industry (VDA) for automotive suppliers, particularly those working with European, American, and Asian manufacturers.
This achievement follows Aeva’s ISO/IEC 27001:2022 certification obtained in August 2024, further strengthening its position as a supplier for advanced vehicle automation programs.
"Securing the TISAX AL2 certification is a significant milestone for Aeva as we continue to expand our presence in the European automotive market," said Susan Hayes, Vice President of Manufacturing and Supply Chain at Aeva.
TISAX certification is operated by the ENX Association and serves as a recognized standard for information security assessments in the automotive sector. The certification verifies that companies have implemented measures to protect sensitive data when collaborating with Original Equipment Manufacturers (OEMs).
Aeva specializes in 4D LiDAR technology that detects instant velocity in addition to 3D position for automated driving systems and other applications. The company’s sensors integrate LiDAR components onto silicon photonics chips in compact modules.
Founded in Mountain View, California, Aeva is focused on developing sensing and perception systems for applications ranging from automated driving to industrial robotics and consumer electronics.
In other recent news, Aeva Technologies Inc. reported its financial results for the first quarter of 2025, highlighting record product revenue of $3.4 million. The company managed to reduce its non-GAAP operating loss by 19% year-over-year, showing effective cost management. Aeva has also announced a strategic collaboration with a global Fortune 500 technology subsidiary, which plans to invest up to $50 million in the company, indicating strong market confidence. Additionally, Canaccord Genuity raised its stock price target for Aeva from $9.50 to $16.00, maintaining a Buy rating due to anticipated revenue growth in industrial and automotive sectors.
Aeva has partnered with Loxo to integrate its 4D LiDAR technology into Loxo’s autonomous vehicle fleet, aiming to enhance urban logistics. The collaboration with Airbus UpNext to supply 4D LiDAR technology for the Optimate project also underscores Aeva’s expanding influence in the aviation industry. These strategic moves are part of Aeva’s broader mission to advance its perception technology across various applications. The company is targeting 80-100% revenue growth for the full year 2025, driven by strategic partnerships and product innovations. Investors are closely monitoring Aeva’s progress as it continues to navigate competitive industrial and automotive technology markets.
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