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Here's Why Aeva Technologies' $50M Deal Really Matters
AevaAeva(US:AEVA) ZACKS·2025-06-10 20:35

Key Takeaways Aeva Technologies secured a 50Mdeal,including50M deal, including 32.5M equity and 17.5Mforproductandmanufacturingscale.TheFortune500partnerwillserveasaTier2manufacturerforamajorpassengerOEMprogramofAEVA.AEVAplanstoscaleto100,000unitsannuallybylate2025.Lastmonth,LiDARsensormakerAevaTechnologies(AEVA)inkeda17.5M for product and manufacturing scale. The Fortune 500 partner will serve as a Tier 2 manufacturer for a major passenger OEM program of AEVA. AEVA plans to scale to 100,000 units annually by late 2025.Last month, LiDAR sensor maker Aeva Technologies (AEVA) inked a 50-million strategic collaboration with a Fortune 500 technology firm. Not just a typical venture investment, the deal includes 32.5millioninequityand32.5 million in equity and 1 ...