What Happened to Aeva Technologies?
Ticker: AEVASPAC Year: 2020
Return
+53.8%
Current Price
$15.38
Peak Price
$109.18
Trust Size
$180M
Summary
Aeva Technologies develops frequency-modulated continuous wave (FMCW) lidar sensors that can simultaneously measure range and velocity, serving autonomous vehicles, industrial, and security applications.
What Happened
Aeva went public in March 2021 through a merger with InterPrivate II BSN Acquisition Corp. Co-founded by former Apple engineers Soroush Salehian and Mina Rezk, the company's lidar technology uniquely detects both distance and instant velocity of objects. Aeva has secured design wins in industrial automation and autonomous vehicles but remains pre-revenue at scale, and the stock has declined significantly from its SPAC-era peak after undergoing a reverse stock split.
Timeline
2020-01-24
S-1 Registration Filed