Record Product Revenue
Aeva reported a record product revenue for Q1 2025, reflecting growth in commercial traction from automotive and industrial customers.
Strategic Collaboration with Fortune 500 Company
Aeva announced a strategic collaboration with a Fortune 500 company's technology subsidiary, which plans to invest up to $50 million in Aeva and partner to expand Aeva's end markets.
Expansion in Precision Sensing Market
Aeva launched the Eve 1 line of high precision sensors, securing orders of over 1,000 sensors and engaging multiple industry leaders as customers.
New Market Entry in Intelligent Transportation Systems
Aeva entered the ITS market by partnering with Sensys Gatso as its exclusive LiDAR supplier for mobile speed detection products.
Progress with Global Top 10 Passenger OEM
Aeva achieved the first milestone in its development program with a global top 10 passenger OEM, advancing toward a potential large-scale production program.
Increased Revenue Guidance
Aeva increased its revenue guidance for 2025 to 80%-100% growth compared to 2024, driven by strong product revenue performance.