Aeva Technologies Inc., a leader in next-generation sensing and perception systems, has announced a strategic collaboration and investment from a technology-focused affiliate of a Global Fortune 500 company. The partnership includes an investment of approximately $50 million, with the affiliate acquiring a 6% equity stake in Aeva. This collaboration aims to expand Aeva's reach into new industrial, consumer, and automotive markets by leveraging the affiliate's manufacturing and electronics expertise alongside Aeva's proprietary Frequency Modulated Continuous Wave (FMCW) technology. Further details on the collaboration are expected to be shared in the coming months.
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