Aeva receives $100 million investment from Apollo in convertible senior notes
The investment will support Aeva's growth and adoption of its 4D LiDAR technology across multiple sectors
Aeva has announced that funds managed by Apollo will invest $100 million in 4.375% Convertible Senior Notes to support the company's commercial growth and increase the adoption of their FMCW 4D LiDAR technology across various applications. According to Aeva's Co-founder and CEO, Soroush Salehian, this investment signifies strong confidence in Aeva's leadership in next-generation sensing technology and comes at a pivotal moment for the industry. The funds will help Aeva expand and scale its existing programs in automotive and other areas.
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