Aeva announces $100m investment from apollo to accelerate growing momentum

Mountain view, calif.--(business wire)--aeva® (nasdaq: aeva), a leader in next-generation sensing and perception systems, today announced that funds managed by apollo (the “apollo funds”) will invest $100m in 4.375% convertible senior notes to support aeva's growing commercial momentum and accelerate the adoption of fmcw 4d lidar across a broad range of applications. “this investment demonstrates strong confidence in aeva's leadership position in next generation sensing, driven by our unique pe.
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