Aeva^® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced it will demonstrate its high performance 4D LiDAR™ technology for the automotive industry at IAA Mobility 2023 in Munich, the world's leading platform for the future of mobility, sustainability and technology.

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Aeva’s Aeries™ II 4D LiDAR delivers next generation sensing and perception performance using Frequency Modulated Continuous Wave (FMCW) technology to simultaneously detect the velocity of each point in addition to precise 3D position. Aeva’s FMCW technology is immune to interference from direct sunlight and other LiDAR sensors, and is inherently free from retroreflector blooming and ghosting. Using the additional dimension of velocity data, Aeva sensors provide unique advantages over conventional time of flight 3D LiDAR sensors including:

• Long Range Performance: Detect, classify and track dynamic objects such as vehicles, cyclists and pedestrians at long distances.
• Ultra Resolution™: A real-time camera-level image that provides up to 20 times the resolution of conventional 3D LiDAR sensors.
• Road Hazard Detection: Spot small objects on the roadway with greater confidence at up to twice the distance of conventional 3D LiDAR sensors.
• 4D Localization™: Estimate vehicle motion in real-time with six degrees of freedom for accurate positioning and navigation without the need for additional sensors, like IMU or GPS.

Aeries II is powered by Aeva’s unique LiDAR-on-chip technology that integrates all key sensor components including transmitters, receivers and optics into a compact module using silicon photonics. This design uses no fiber optics and is built using a highly automated process that allows Aeva to manufacture at scale with lower costs to meet the needs of automotive OEMs and other volume customers.

Aeva will demonstrate its Aeries II sensor and 4D LiDAR-on-chip technology in Hall B3 Stand F11 in the Messe München Exhibition Center in Munich. Demo drives with Aeries II 4D LiDAR are available by RSVP at Aeva's stand for select attendees.

About Aeva Technologies, Inc. (NYSE: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on X or LinkedIn.

Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements include, but are not limited to expectations about our product features, performance, customers, manufacturability, scalability and cost. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva’s limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products, (v) the ability to manufacture at volumes and costs needed for commercial programs and (vi) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

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