Aeva Technologies Inc (NYSE: AEVA) is a sensing technology company that designs and sells frequency-modulated continuous-wave (FMCW) 4D LiDAR sensors and perception software for autonomous vehicles, industrial automation, and security applications. Revenue comes from product sales of LiDAR sensors and associated software, with customers including automotive OEMs, Tier 1 suppliers, and industrial automation companies. Customer concentration is material: the top three customers accounted for 64% of revenue in FY2025, and the top two customers accounted for 72% of revenue in FY2024. Aeva's core differentiation is its proprietary FMCW technology, which measures velocity per pixel in addition to depth and reflectivity, and its CoreVision LiDAR-on-chip module built on silicon photonics and CMOS semiconductor processes. Products include the Atlas and Atlas Ultra automotive sensors and the Eve 1D industrial displacement sensor. The company is headquartered in the United States and was classified as a non-accelerated filer as of the 10-K filed March 20, 2026.

Revenue model

Product sales of FMCW 4D LiDAR sensors and perception software, primarily through development programs and design wins with automotive OEMs, Tier 1 suppliers, and industrial automation companies. Revenue is transactional, tied to customer product programs that can span several years of qualification before volume orders.

Products and services

Aeva Atlas: automotive-grade FMCW 4D LiDAR sensor with range up to 500 meters, powered by the CoreVision LiDAR-on-chip module and the Aeva X1 system-on-chip (SoC) processor. Aeva Atlas Ultra: higher-resolution 4D LiDAR targeting SAE Level 3 and 4 automated driving, with up to three times the resolution of Atlas and configurable field of view up to 150 degrees. Aeva Eve 1D: FMCW-based laser displacement sensor for high-volume industrial automation, enabling micrometer-level non-contact measurements. 4D perception software for object detection, classification, precision tracking, and vehicle state estimation.

Customers and end markets

Automotive OEMs and Tier 1 automotive suppliers targeting ADAS and autonomous driving. Industrial automation companies developing manufacturing automation and metrology products. Security monitoring system integrators. Top three customers: 64% of revenue in FY2025. Top two customers: 72% of revenue in FY2024. Three customers: 72% of accounts receivable as of December 31, 2025.

Value-chain role

Semiconductor and sensor designer that sells FMCW LiDAR sensors and perception software to OEMs, Tier 1 automotive suppliers, and industrial automation platform developers. Manufacturing is conducted through external manufacturing counterparties. Products are integrated into larger vehicle or automation systems by customers.

Geographic exposure

The filing excerpts do not specify revenue by geography.

Source: SEC 10-K, filed 2026-03-20

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