Aeva makes LiDAR sensors and perception software for autonomous vehicles, industrial automation, and defense applications. Aeva's core product is its 4D LiDAR, built on FMCW (Frequency Modulated Continuous Wave) technology. Unlike traditional Time-of-Flight LiDAR, which measures only position and reflectivity, Aeva's FMCW sensors also measure the instantaneous velocity of every point in the field of view, enabling faster detection of moving objects and immunity to interference from sunlight or other sensors. The underlying hardware is built on silicon photonics, enabling a compact chip-scale design that Aeva argues is lower-cost and easier to manufacture at scale than traditional LiDAR. Aeva's primary automotive products are the Atlas and Atlas Ultra sensors, targeting Level 3 and higher automated driving. For industrial applications, Aeva sells Eve sensors, which use the same FMCW chip tuned for micron-level precision measurement. Aeva sells to automotive OEMs, Tier 1 suppliers, and industrial automation companies, with key customers including Daimler Truck (exclusive long-range LiDAR supplier for its autonomous truck program) and a top European passenger OEM (exclusive global LiDAR supplier for its next-generation vehicle platform). Aeva also generates NRE revenues from joint development agreements. Manufacturing is outsourced to partners including LG Innotek and Fabrinet. Aeva is pre-production scale today, with revenue split between low-volume sensor sales and development fees, and targets automotive production ramp starting 2027–2028 as its primary long-term revenue driver.