Aeva’s Unique Instant Velocity Detection Data Helps Accelerate Adoption of Safe Autonomous Driving

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — September 20, 2022 — Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its Aeries™ 4D LiDAR™ sensors are now supported on the NVIDIA DRIVE Sim platform. Aeva’s Frequency Modulated Continuous Wave (FMCW) 4D LiDAR sensors detect 3D position, in addition to instant velocity for each point at distances up to 500 meters, bringing an added dimension to sensing and perception for safe autonomous driving.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220920006061/en/

Simulated Aeva 4D LiDAR point cloud with instant velocity data in NVIDIA DRIVE Sim (Graphic: Business Wire)

NVIDIA DRIVE Sim is an end-to-end platform architected to run large-scale, physically based, multi-sensor, autonomous vehicle simulation to improve developer productivity and accelerate time to market. DRIVE Sim includes a unique and powerful ray-tracing application programming interface that allows developers to accurately model complex sensor technologies by giving them full control of ray firings and hit point returns. This enables modeling advanced physical phenomena to support new perception sensing technologies such as FMCW LiDAR, for any set of requirements, in a well-organized structure.

“With Aeva’s 4D LiDAR integrated, OEMs using the NVIDIA DRIVE Sim platform can accelerate the realization of safe autonomous driving for the next generation of autonomous vehicles,” said James Reuther, Vice President of Technology at Aeva. “Our unique ability to directly detect the instant velocity of each point, in addition to precise 3D position at long range, surpasses the sensing and perception capabilities of legacy sensors. This requires a platform capable of handling our unique LiDAR features, and DRIVE Sim enables just that.”

“DRIVE Sim was designed to accurately model advanced sensors such as 4D LiDARs,” said Zvi Greenstein, general manager of automotive at NVIDIA. “The physics-based and time-accurate simulation allows Aeva and its customers to train perception networks, accelerate development and validate software before deploying to production fleets.”

Developers using DRIVE Sim now have access to Aeva’s 4D LiDAR models to increase their simulation capabilities and streamline testing and development. Aeva sensors enable the next wave of driver assistance and autonomous vehicle capabilities using FMCW technology to deliver sensing and perception capabilities that are not possible with legacy time-of-flight 3D LiDAR sensors, including:

• Instant Velocity Detection: Directly detect velocity for each point in addition to 3D position to perceive where things are and precisely how fast they are moving.
• Ultra Long Range Performance: Detect and track dynamic objects such as oncoming vehicles and other moving objects at distances up to 500 meters.
• Ultra Resolution™: A real-time camera-level image providing up to 20 times the resolution of legacy time of flight LiDAR sensors.
• Road Hazard Detection: Detect small objects on the roadway with greater confidence at up to twice the distance of legacy time-of-flight LiDAR sensors.
• Semantic Segmentation: Real-time segmentation between static and dynamic points enables the detection of roadway markings, drivable regions, vegetation and road barriers.

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 Twitter 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. These 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. 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 ability to maintain the listing of Aeva’s securities on the New York Stock Exchange, (ii) the price of Aeva’s securities, which may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Aeva plans to operate, variations in performance across competitors, changes in laws and regulations affecting Aeva’s business and changes in the combined capital structure, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Aeva operates, (v) the risk that Aeva and its current and future collaborators are unable to successfully develop and commercialize Aeva’s products or services, or experience significant delays in doing so, (vi) the risk that Aeva may never achieve or sustain profitability; (vii) the risk that Aeva will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (viii) the risk that Aeva experiences difficulties in managing its growth and expanding operations, (ix) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations, (x) the risk of product liability or regulatory lawsuits or proceedings relating to Aeva’s products and services, (xi) the risk that Aeva is unable to secure or protect its intellectual property; and (xii) the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Aeva’s business. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors, and for a further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC, including our Form 10-Q for the quarter ended June 30, 2022. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006061/en/

Media:
Michael Oldenburg
press@aeva.ai

Investors:
Andrew Fung
investors@aeva.ai