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Aeva Stock Surges 21% After Landing Nvidia's Self-Driving Sensor Platform Deal

MarketDash Editorial Team
2 days ago
Aeva Technologies saw shares jump over 21% after Nvidia selected its 4D LiDAR technology as the reference sensor for the DRIVE Hyperion autonomous vehicle platform, with production programs targeting 2028.

Aeva Technologies Inc. (AEVA) stock jumped Tuesday after landing a major design win with Nvidia Corp. (NVDA), which tapped the company's 4D LiDAR technology as the reference sensor for its DRIVE Hyperion autonomous vehicle platform. It's the kind of partnership that puts Aeva front and center in next-generation automated driving programs.

Here's what matters: Nvidia's DRIVE Hyperion is an open and modular platform built to support Level 3 and Level 4 automated driving—the stuff where cars handle most or all of the driving themselves. Aeva's Frequency Modulated Continuous Wave 4D LiDAR was chosen as the go-to sensor for this platform, expanding Aeva's footprint as a core LiDAR supplier to both passenger and commercial vehicle manufacturers.

The DRIVE Hyperion platform combines a full sensor suite with Nvidia Drive AGX Thor and DriveOS to enable scalable autonomous driving features. What makes Aeva's technology stand out is its ability to deliver real-time velocity data and long-range perception, giving the sensing stack more depth and precision. Production vehicle programs using this setup are expected to roll out starting in 2028.

But wait, there's more. On the same day, Aeva introduced Omni, a compact short-range 4D LiDAR sensor aimed at physical AI applications beyond cars—think robotics, industrial automation, and other autonomous systems that need eyes everywhere.

The new Omni platform expands the addressable market for Aeva's chip-based FMCW perception technology. It's designed for use cases requiring compact sensors with reliable 360-degree, short-range awareness. Mina Rezk, co-founder and chief technology officer at Aeva, explained: "Aeva Omni extends the reach of our chip-based FMCW perception platform into a class of applications where wide-view awareness and reliable 360-degree near-range performance in a compact form factor are essential."

Omni is built to support autonomous mobile robots, vehicles, drones, unmanned ground vehicles, and emerging smart infrastructure by delivering high-resolution sensing across an exceptionally wide field of view. The goal is enhanced safety and operational capability across a broader range of autonomy-driven applications.

Price Action: Aeva Technologies shares were up 21.22% at $15.86 at the time of publication on Tuesday.

Back to Stock Market News

Aeva Stock Surges 21% After Landing Nvidia's Self-Driving Sensor Platform Deal

MarketDash Editorial Team
2 days ago
Aeva Technologies saw shares jump over 21% after Nvidia selected its 4D LiDAR technology as the reference sensor for the DRIVE Hyperion autonomous vehicle platform, with production programs targeting 2028.

Aeva Technologies Inc. (AEVA) stock jumped Tuesday after landing a major design win with Nvidia Corp. (NVDA), which tapped the company's 4D LiDAR technology as the reference sensor for its DRIVE Hyperion autonomous vehicle platform. It's the kind of partnership that puts Aeva front and center in next-generation automated driving programs.

Here's what matters: Nvidia's DRIVE Hyperion is an open and modular platform built to support Level 3 and Level 4 automated driving—the stuff where cars handle most or all of the driving themselves. Aeva's Frequency Modulated Continuous Wave 4D LiDAR was chosen as the go-to sensor for this platform, expanding Aeva's footprint as a core LiDAR supplier to both passenger and commercial vehicle manufacturers.

The DRIVE Hyperion platform combines a full sensor suite with Nvidia Drive AGX Thor and DriveOS to enable scalable autonomous driving features. What makes Aeva's technology stand out is its ability to deliver real-time velocity data and long-range perception, giving the sensing stack more depth and precision. Production vehicle programs using this setup are expected to roll out starting in 2028.

But wait, there's more. On the same day, Aeva introduced Omni, a compact short-range 4D LiDAR sensor aimed at physical AI applications beyond cars—think robotics, industrial automation, and other autonomous systems that need eyes everywhere.

The new Omni platform expands the addressable market for Aeva's chip-based FMCW perception technology. It's designed for use cases requiring compact sensors with reliable 360-degree, short-range awareness. Mina Rezk, co-founder and chief technology officer at Aeva, explained: "Aeva Omni extends the reach of our chip-based FMCW perception platform into a class of applications where wide-view awareness and reliable 360-degree near-range performance in a compact form factor are essential."

Omni is built to support autonomous mobile robots, vehicles, drones, unmanned ground vehicles, and emerging smart infrastructure by delivering high-resolution sensing across an exceptionally wide field of view. The goal is enhanced safety and operational capability across a broader range of autonomy-driven applications.

Price Action: Aeva Technologies shares were up 21.22% at $15.86 at the time of publication on Tuesday.