AEVA, INC. announced that it expects to receive $4.502029 million in funding
January 12, 2017
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AEVA, INC. announced that it will issue 3,200,000 series seed convertible preferred shares at a price of $1.406884 per share for gross proceeds of $4,502,028.80 on January 12, 2017. The preferred shares are entitled to receive non-cumulative dividend at rate of $0.084413 per annum and will be convertible in common shares at a fixed conversion price of $1.406884 per share. The preferred shares are non-redeemable and participating. The company will issue securities pursuant to exemption provided under Regulation D. The transaction was raised at a post-money valuation of $4,502,028.80.
Aeva Technologies, Inc. is engaged in the design, manufacturing and sale of LiDAR sensing systems and related perception and autonomy-enabling software solutions serving customers in automotive, industrial, and other markets. The Companyâs sensing and perception technology integrates all key LiDAR components onto a silicon photonics chip in a compact module. Its 4D LiDAR sensors detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. The Company, through its frequency modulated continuous wave (FMCW) sensing technology, enables the adoption of LiDAR across broad applications. Its product, Aeries II is a 4D LiDAR solution, consisting of its 4D LiDAR sensing system with embedded software designed for automotive grade production across passenger car, trucking, and mobility applications. Atlas is its FMCW 4D LiDAR with simultaneous velocity and range detection targeted for the automotive market.
AEVA TECHNOLOGIES, INC. 
