- This brings its total raised in the deal to more than $560 million
- Additional funding will help Aeva pursue emerging interest in the sensor from potential customers in the consumer electronics space for depth sensors
As per a report by Reuters, Aeva Inc said that it had raised an additional $200 million ahead of a planned merger that will make it a publicly listed company. This brings its total raised in the deal to more than $560 million.
The report added that Aeva, which is founded by two former Apple Inc engineers to create a lidar sensor that helps self-driving cars see the road, said in November that it plans to become a public company through a merger with blank-check acquisition company InterPrivate Acquisition Corp. The report added that Aeva and InterPrivate said Sylebra Capital, which was already an InterPrivate shareholder, had committed to purchase an additional $200 million of InterPrivate common stock in connection with the merger. It is expected close by the end of first quarter.
Potential customers in the consumer electronics space for depth sensors
As per the report, Soroush Salehian, Aeva’s chief executive, said the additional funding will help Aeva pursue emerging interest in the sensor from potential customers in the consumer electronics space for depth sensors. These could go into phones and tablets as well as health sensors.
