Aeva Technologies (AEVA) Secures $100M from Apollo to Scale 4D LiDAR Rollout

On November 5, 2025, the institution announced a $100 cardinal concern from funds managed by Apollo Global Management, structured arsenic 4.375 % convertible elder notes owed 2032 with an archetypal conversion terms of $15.8643, astir a 15 % premium to AEVA’s closing terms the time earlier the deal.

CEO Soroush Salehian said the financing reflects “strong confidence” successful Aeva’s marketplace presumption and volition accelerate deployment of its FMCW 4D LiDAR exertion crossed automotive, industrial, and robotics applications. The institution noted the backing volition assistance standard commercialization and manufacturing efforts for its cognition platform.

A fewer days later, connected November 7, 2025, Morgan Stanley’s Joseph Moore maintained an Equal Weight standing connected AEVA and trimmed his terms people to $18.55 from $19.

Aeva Technologies, Inc. (NASDAQ:AEVA), based successful Mountain View, California, develops next-generation cognition systems that harvester lidar-on-chip and silicon photonics to measurement some velocity and position. Its 4D LiDAR sensors people autonomous driving, manufacturing automation, and astute infrastructure markets.

While we admit the imaginable of AEVA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.