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.