LG Innotek, Aeva partner to expand 4D LiDAR across industries

MOUNTAIN VIEW, Calif. - LG Innotek and Aeva Technologies (NASDAQ:AEVA), whose stock has surged over 435% in the past year, announced a strategic collaboration to accelerate the expansion of Aeva’s perception platform across automotive, robotics, and consumer applications, according to a press release statement. InvestingPro data shows the company’s market capitalization now stands at approximately $1 billion.

The partnership was unveiled during Aeva Day: Beyond the Beam in New York City, where the company showcased its perception platform capabilities to customers, partners, and industry leaders.

Aeva also announced a collaboration with Bendix to bring 4D LiDAR technology to Level 2+ collision mitigation systems for commercial vehicles, targeting a market of approximately 300,000 new trucks sold annually in North America.

The company reported record quarterly revenue of $5.5 million in Q2 2025, up from $2.0 million in the same period last year, continuing its impressive revenue growth trajectory of 95.9% over the last twelve months. Despite the revenue growth, Aeva posted a GAAP operating loss of $34.9 million, an improvement from the $48.9 million loss in Q2 2024. According to InvestingPro analysis, while the company remains unprofitable, analysts have recently revised their earnings expectations upward for the upcoming period.

As of June 30, 2025, Aeva had $49.8 million in cash, cash equivalents, and marketable securities, with an additional $125.0 million available through an equity facility. InvestingPro analysis reveals the company maintains a healthy current ratio of 2.88, with liquid assets exceeding short-term obligations, and notably holds more cash than debt on its balance sheet. For detailed insights into Aeva’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The strategic investment by LG Innotek in Aeva has been recorded as a share subscription liability at a fair value of $77.5 million as of June 30, 2025. Upon closing, Aeva anticipates issuing common shares to LG Innotek.

During the event, representatives from Mercedes-Benz, Daimler Truck, Bendix, and other partners discussed applications of Aeva’s 4D LiDAR technology across passenger vehicles, commercial trucks, smart infrastructure, and manufacturing automation.

"Aeva is entering an inflection point where multiple years of investments leveraging our unified perception platform is accelerating next-generation capabilities across multiple automation use cases beyond the traditional uses for LiDAR," said Soroush Salehian, Co-founder and CEO at Aeva. With the stock trading near $18.64 and showing strong momentum, investors seeking deeper insights can access over 16 additional ProTips and comprehensive financial metrics through InvestingPro’s advanced analytics platform.

In other recent news, Aeva Technologies has been involved in several notable developments. LG Innotek has announced a strategic investment of up to $50 million in Aeva to boost the commercialization of its advanced 4D LiDAR technology across various industries. This investment includes an equity stake and non-dilutive funding to enhance product development and production capacity. Additionally, Aeva has expanded its partnership with Daimler Truck North America to increase the production of its 4D LiDAR technology for autonomous vehicles, with plans to install production capacity for up to 200,000 units annually in North America.

In collaboration efforts, Aeva has partnered with Bendix Commercial Vehicle Systems to integrate its 4D LiDAR technology into future safety systems for commercial vehicles, focusing on scenarios like Pedestrian Automatic Emergency Braking. Tampa International Airport is also deploying Aeva’s 4D LiDAR technology to enhance operations and security, marking one of the largest airport deployments of this technology in the U.S. Furthermore, D2 Traffic Technologies has selected Aeva’s 4D LiDAR for smart traffic solutions, incorporating it into next-generation traffic management systems. These developments highlight Aeva’s growing influence and partnerships in various sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.