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MOUNTAIN VIEW, Calif. - LG Innotek announced Tuesday a strategic investment of up to $50 million in Aeva Technologies (NASDAQ:AEVA), a developer of next-generation sensing and perception systems, whose stock has surged over 435% in the past six months. The investment aims to accelerate the commercialization of advanced 4D LiDAR technology across multiple industries. According to InvestingPro data, Aeva’s market capitalization stands at $1.2 billion, with the company showing promising revenue growth of 95.9% over the last twelve months.
The investment includes an equity stake in Aeva, non-dilutive funding for new product development, and capital investments to establish production capacity for Aeva’s next-generation products. The company maintains a strong financial position, with InvestingPro analysis showing more cash than debt on its balance sheet and a healthy current ratio of 2.88x, indicating solid short-term liquidity.
The partnership aims to expand Aeva’s Frequency Modulated Continuous Wave (FMCW) perception platform beyond automotive applications into industrial automation, robotics, and consumer devices.
"The ultimate goal of this partnership is for LG Innotek and Aeva to grow together as key players leading the next-generation LiDAR market through a long-term technology partnership that goes beyond the supply of products," said Hyuksoo Moon, CEO of LG Innotek.
Under the agreement, LG Innotek will manufacture Aeva’s Atlas Ultra 4D LiDAR sensor for automotive applications, including for a previously announced development program with a top 10 global passenger vehicle manufacturer.
The collaboration will also focus on developing new sensing products for industrial automation equipment, next-generation humanoid robots, and consumer electronics applications such as smartphones, AR/VR headsets, and home robotics.
Aeva’s technology integrates LiDAR components onto a silicon photonics chip in a compact module, allowing devices to detect instant velocity in addition to 3D position.
"By leveraging the unique capabilities of FMCW sensing and proprietary software, we can help machines see with greater precision and enable faster, safer, and more intelligent decision-making across industries," said Soroush Salehian, Co-founder and CEO at Aeva.
The companies plan to share more details about their partnership at Aeva Day on July 31, according to the press release statement. With analysts anticipating continued sales growth and multiple earnings forecast revisions upward, investors can access comprehensive analysis and 16 additional exclusive ProTips through InvestingPro’s detailed research reports, which provide deep-dive analysis of Aeva’s growth trajectory and market position.
In other recent news, Aeva Technologies reported multiple developments that could interest investors. The company announced an expanded partnership with Daimler Truck North America to boost production of its 4D LiDAR technology for autonomous vehicles. This collaboration includes additional funding from Daimler Truck and aims to achieve a production capacity of up to 200,000 LiDAR units annually in North America. Additionally, Tampa International Airport has begun installing Aeva’s 4D LiDAR technology to enhance airport operations and security, marking one of the largest airport deployments of this technology in the United States.
Aeva also secured TISAX certification, which confirms its compliance with automotive security standards set by the German Association of the Automotive Industry. The company further announced a collaboration with Swiss firm Loxo to integrate its 4D LiDAR sensors into Loxo’s autonomous delivery vehicles. At its 2025 annual meeting, Aeva shareholders elected two Class I directors and approved an auditor, ensuring governance stability. These developments highlight Aeva’s active engagement in expanding its technology’s application across different sectors.
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