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MOUNTAIN VIEW, Calif. - Aeva Technologies, Inc. (NASDAQ:AEVA), a technology company with a market capitalization of $1.12 billion and impressive year-to-date returns exceeding 330%, announced Wednesday that D2 Traffic Technologies has chosen its 4D LiDAR technology to enhance smart traffic solutions for intersections, highways, and urban corridors. According to InvestingPro data, the company has demonstrated strong revenue growth of 95.9% over the last twelve months.
The collaboration aims to integrate Aeva’s Frequency Modulated Continuous Wave (FMCW) 4D LiDAR sensors into D2’s next-generation traffic platforms. Unlike traditional LiDAR systems that rely solely on 3D spatial data, Aeva’s technology simultaneously measures both 3D position and velocity of objects at long range with high resolution. The company maintains a strong financial position with more cash than debt and a healthy current ratio of 2.88, providing stability for its technological developments.
"Integrating Aeva’s 4D LiDAR into our systems raises the bar for what’s possible in traffic sensing," said Eric Gannaway, Director of D2 Traffic Technologies, according to the press release.
D2 plans to implement the technology across various applications including urban intersection monitoring, tolling systems, HOV and HOT lane enforcement, incident detection, and smart city edge analytics. The company expects the sensors to improve detection and classification of vehicles, monitor pedestrian movement, and enable real-time traffic control in complex environments.
James Byun, Managing Director of Business Development at Aeva, stated that the company’s sensors "provide unmatched awareness for real-world traffic environments."
Aeva’s technology integrates key LiDAR components onto a silicon photonics chip in a compact module, allowing for direct velocity measurements for every point in a scene. This capability enables more accurate distinction between static and moving objects and improved tracking of pedestrians and cyclists.
The announcement comes as municipalities and transportation agencies increasingly seek advanced technologies to enhance traffic management systems and improve road safety.
Based on a press release statement, this partnership represents Aeva’s expansion into the intelligent transportation infrastructure market. With the company’s next earnings report scheduled for August 6, investors can access comprehensive analysis and detailed metrics through InvestingPro’s exclusive Research Report, one of 1,400+ deep-dive reports available to subscribers. InvestingPro analysis indicates the stock is currently trading below its Fair Value, suggesting potential upside opportunity.
In other recent news, Aeva Technologies has been the focus of several significant developments. LG Innotek has announced a strategic investment of up to $50 million in Aeva to accelerate the commercialization of its advanced 4D LiDAR technology. This investment includes an equity stake, non-dilutive funding for new product development, and capital investments to establish production capacity for Aeva’s next-generation products. Additionally, Aeva and Daimler Truck North America have expanded their partnership to increase production of Aeva’s 4D LiDAR technology for autonomous vehicles, with plans to install production capacity of up to 200,000 LiDAR units annually in North America.
Tampa International Airport has begun deploying Aeva’s 4D LiDAR technology to optimize operations and improve security, marking one of the largest airport deployments of LiDAR technology in the United States. Aeva has also secured TISAX certification for automotive security standards, meeting the information security requirements established by the German Association of the Automotive Industry. In corporate governance news, Aeva’s shareholders elected two Class I directors, Katherine Motlagh and Stefan Sommer, Ph.D., during the 2025 annual meeting. These directors will serve until the 2028 annual meeting.
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