Porsche and Lockheed Martin-backed lidar sensor technology developer Aeva will get the funding once its reverse merger with InterPrivate Acquisition Corp closes.
Technology investment firm Sylebra Capital agreed yesterday to invest $200m in Aeva, the US-based lidar technology developer that counts automotive manufacturer Porsche and aerospace manufacturer Lockheed Martin among its investors.
The agreement comes two months after Aeva agreed to execute a reverse merger with special purpose acquisition company InterPrivate Acquisition Corp. The investment by Sylebra, an InterPrivate shareholder, will close once the deal goes through.
Aeva is developing frequency modulated continuous wave technology for use in lidar systems that…
