Aeva Technologies has entered into a manufacturing partnership with LG Innotek, a components and materials company under South Korea’s LG Group. The deal will focus on producing Aeva’s Atlas Ultra 4D lidar sensor for the automotive industry and later expand to applications in consumer electronics, robotics, and industrial automation.
As part of the agreement, LG Innotek will manufacture and supply Aeva’s lidar systems and invest up to 50 million dollars in the US based company, gaining about a 6 percent equity stake.
“The first part of the partnership is focused on the automotive sector,” said Aeva’s co-founder and CEO Soroush Salehian. “LG Innotek will act as our manufacturing partner for some of the top 10 global passenger vehicle OEMs.”
Aeva, founded in 2017, has invested nearly half a billion dollars in building what it describes as “4D lidar on a chip.” Unlike traditional lidar systems that use time-of-flight methods to measure distance, Aeva’s technology is based on frequency modulated continuous wave perception. This allows the system to measure both distance and velocity for every pixel in real time. “It’s like going from black-and-white to color camera. We get this velocity information as a new dimension,” Salehian explained.
The company has successfully integrated its lidar system, including the optics, into a silicon photonics module. This compact, chip-scale design makes it easier to produce and scale for various markets, including automotive, consumer electronics, and robotics.
Aeva will use the new funding to support product development and grow its team. “Over the past eight years, we’ve made [the hardware] super small, and we’re sticking to that trajectory. We’re going to make it down to a monolithic, single-chip,” said Salehian.
Beyond automotive, Aeva is expanding into manufacturing, smart infrastructure, and transportation. It has formed partnerships with companies in Japan and Germany and is also working on security and monitoring systems at major US airports, including San Francisco and JFK Terminal One.
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