• Collaboration Strengthens TuSimple’s Self-Driving Capabilities on Path to Production
• Aeva 4D LiDAR is the first sensing solution to provide velocity measurement combined with high range performance at silicon chip scale
• Aeva remains on track to complete its business combination with InterPrivate Acquisition Corp. (NYSE: IPV) in the first quarter of 2021

MOUNTAIN VIEW, Calif., January 26, 2021 – Aeva, Inc. (“Aeva” or the “Company”), a leader in next generation sensing and perception systems, today announced a partnership with TuSimple, a global self-driving technology company, to deploy Aeva 4D LiDAR on TuSimple’s self-driving trucks. TuSimple is in a global partnership with VW’s TRATON Group to develop an autonomous system for heavy-duty trucks and is co-developing Level 4 self-driving trucks with Navistar, targeting production in 2024. TuSimple and Aeva have been working together using Aeva 4D LiDAR on the roads since 2019.

Aeva 4D LiDAR is the leading Frequency Modulated Continuous Wave (FMCW) technology to enable automated driving for series production. With its unique ability to measure instantaneous velocity for each pixel, long range performance at high resolutions, while being free from LiDAR or sunlight interference, Aeva’s 4D LiDAR is built from the ground up at silicon scale for mass market applications.

“TuSimple is a leader in automated trucking, and tapping Aeva 4D LiDAR is a vote of confidence in the unique capabilities and scalability of our solutions, which are crucial to commercializing self-driving trucks on the roads,” said Soroush Salehian, Co-Founder and CEO at Aeva. “We look forward to working alongside TuSimple as we bring our products to series production for trucking applications.”

“Aeva’s 4D LiDAR solution provides a unique ability to measure instant velocity along with distance, and at longer ranges, which when combined with the other sensors in our technology stack, provides complementary capabilities to our autonomous system,” said Chuck Price, Chief Product Officer at TuSimple. “Aeva shares our strict standards for safety and reliability, making them a great partner for our LiDAR solutions.”

Aeva is engaged with 30 of the top OEM and automotive industry players in the advanced driver assistance and autonomous driving industries, has received strategic investments from Porsche SE, the majority shareholder of VW Group, and has relationships with some of the largest Tier 1 automotive suppliers, including the German Tier 1 ZF, and the Japanese Tier 1 Denso.

Aeva remains on track to complete its previously announced business combination agreement with InterPrivate Acquisition Corp (NYSE: IPV), a publicly traded special purpose acquisition company, in the first quarter of 2021. The business combination is expected to provide up to $563M in gross proceeds. The combined company is expected to be listed on the New York Stock Exchange under the ticker symbol, “AEVA”.

About Aeva
Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, and led by a multidisciplinary team of engineers and operators, Aeva is building the next-generation of sensing and perception for autonomous vehicles and beyond. Aeva is backed by Adage Capital, Porsche SE, Lux Capital and Canaan Partners, amongst others. For more information, visit www.aeva.com.

About InterPrivate Acquisition Corp.
InterPrivate is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. InterPrivate is controlled by affiliates of Ahmed M. Fattouh, Chairman and Chief Executive Officer, and InterPrivate LLC, a private investment firm founded by Mr. Fattouh that invests on behalf of a consortium of family offices in partnership with independent sponsors from the private equity and venture capital industries. InterPrivate focused its efforts on evaluating business combination targets by leveraging InterPrivate’s network of independent sponsors, family offices and private equity and venture capital firms. InterPrivate is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012.

Contacts

Investors:
Andrew Fung
investors@aeva.ai

Media:
Michelle Chang
press@aeva.ai