Aeva Technologies Inc's Business Segments

Aeva Technologies Inc is a technology company focused on developing advanced perception systems for autonomous vehicles. The company was founded in 2017 by Mina Rezk and Soroush Salehian, who were both former engineers at Apple's Special Projects Group.

Aeva's perception systems are designed to provide improved situational awareness and depth perception for autonomous vehicles, enabling them to better understand and navigate complex environments. The company's technology combines lidar and radar sensors into a single, compact device, known as Aeva 4D Vision. This device combines the capabilities of multiple sensors, offering better range, resolution, and accuracy compared to traditional perception systems.

Aeva's 4D Vision technology is based on Frequency Modulated Continuous Wave (FMCW) lidar, which provides rich and detailed information about the environment around the vehicle. FMCW lidar emits continuous laser signals, and by measuring the frequency shift in the reflected signals, the system can determine the distance and velocity of objects in real-time. This allows for a more comprehensive understanding of the surroundings, including the ability to detect and track objects over long distances and in challenging weather conditions.

One of the key advantages of Aeva's technology is its ability to provide 4D perception, including range, velocity, and reflectivity information about objects. This additional information allows autonomous vehicles to make more accurate and informed decisions, improving safety and efficiency. Aeva's system also has the capability to detect and classify different types of objects, including vehicles, pedestrians, and cyclists, further enhancing the vehicle's ability to navigate in complex urban environments.

In addition to its perception technology, Aeva has also developed an advanced software stack, known as AevaOS, which provides a set of tools and algorithms for sensor fusion, object detection, and tracking. This software platform enables seamless integration of Aeva's sensors with the vehicle's autonomous driving system, allowing for efficient and reliable operation.

Aeva has attracted significant attention and partnerships in the autonomous vehicle industry. The company has entered into collaborations with major automotive manufacturers, including Audi, which has plans to adopt Aeva's perception technology in its next-generation vehicles. Aeva has also received investments from prominent venture capital firms, including Lux Capital and Canaan Partners.

Overall, Aeva Technologies Inc is a leading player in the development of advanced perception systems for autonomous vehicles. Its innovative lidar technology, combined with its software platform, offers improved situational awareness and enables safer and more efficient autonomous driving. With its partnerships and investments, Aeva is poised to make a significant impact on the future of autonomous vehicles.

The Company operates as a single operating segment. The chief operating decision-maker (CODM), comprising the chief executive officer and chief technology officer, evaluates the Company's financial information and resources on a consolidated basis to allocate resources and assess performance, using net loss as the primary measure. Financial forecasts, budget-to-actual results, and strategic decisions regarding headcount and capital expenditures are reviewed collectively. The CODM considers significant segment expenses affecting net loss and reviews segment assets as presented in the consolidated balance sheets. Revenues from customers outside the United States accounted for 26%, 14%, and 35% of total revenues for the years ended December 31, 2025, 2024, and 2023, respectively. Long-lived assets are reported by geographic region, specifically North America and Asia.