Aeva Technologies, Inc. (AEVA) Stock Analysis

Aeva’s principal competitive advantage lies in its proprietary Frequency Modulated Continuous Wave (FMCW) LiDAR technology, which enables simultaneous measurement of distance and velocity for every pixel.¹ This provides superior object detection and classification, especially in challenging conditions such as darkness or inclement weather—capabilities that traditional pulsed LiDAR systems from rivals like Luminar, Ouster, and Innoviz cannot fully match.² For example, Aeva’s sensors can detect objects at up to 500 meters with high precision, a range that is at the upper end of industry standards.³

Aeva’s technology is also less susceptible to interference from sunlight or other LiDAR sources, a common limitation for conventional systems.⁴⁵ The company’s integration of multiple sensing modalities (vision, depth, motion) into a single chip reduces component count and power consumption, supporting scalability and cost efficiency—key for automotive and industrial adoption.⁶⁷

Strategic partnerships with Daimler Truck, SICK AG, and a Fortune 500 technology affiliate validate Aeva’s technical edge and open pathways to high-volume production.⁸ However, Aeva’s revenue base ($9 million in 2024) remains small relative to Ouster ($32 million in Q1 2025) and Luminar ($21 million in Q1 2024), highlighting execution risk.⁹ The company’s ability to convert technical differentiation into sustained commercial scale remains the central challenge.¹⁰