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LG Innotek Invests $50 Million in Aeva for 4D LiDAR Partnership

Subject to regulatory approval, the deal gives LG Innotek about 6% of Aeva, mapping a roadmap through 2027 to develop ultra-slim 500-meter FMCW LiDAR modules

Overview

  • LG Innotek will acquire roughly 6% of Aeva’s shares and invest up to $50 million exclusively in its LiDAR business, pending regulatory approval.
  • LG Innotek’s module is nearly half the size of existing LiDAR units, allowing automakers to embed sensors behind windshields for greater design flexibility.
  • Aeva’s FMCW technology delivers simultaneous high-precision distance and velocity measurements, offering a performance edge over traditional time-of-flight sensors.
  • A joint development agreement sets out co-creation of next-generation 4D LiDAR systems through the end of 2027 for passenger vehicles, robotaxis, industrial mobility and robotics.
  • The collaboration aims to accelerate Aeva’s FMCW perception platform into automotive, industrial automation, robotics and consumer markets.