Aeva Transitions from LiDAR Sensor Supplier to Full Solution Provider for Intelligent Transportation Systems Segment

Aeva^® (NASDAQ:AEVA), a leader in next-generation sensing and perception systems, today announced an exclusive partnership with D2 Traffic Technologies (D2) to strengthen Aeva's portfolio of LiDAR-based smart infrastructure solutions for intersections, highways, and urban corridors. Through the partnership, D2's veteran team of Intelligent Transportation Systems (ITS) experts joins Aeva to accelerate the company's momentum in the market. Their expertise strengthens Aeva's transition from a LiDAR supplier to a full-solution provider delivering sensing, perception, monitoring, and analytics for traffic management across the U.S.

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Aeva brings on the team from D2 Traffic Technologies in an exclusive partnership for full-stack smart infrastructure solutions.

The U.S. ITS market represents one of the largest opportunities for LiDAR technology, with roughly 15 million intersections and more than 300,000 traffic signals across the country, contributing to over $20 billion in annual congestion costs.

"The D2 team brings strong leadership and industry expertise in smart infrastructure, and we're excited to welcome them to Aeva," said James Byun, Managing Director of Business Development at Aeva. "Together, our technology and expertise will provide streamlined full-stack ITS solutions from LiDAR sensing to perception and analytics to enhance traffic safety, reduce congestion, and deliver smarter mobility experiences for cities and citizens alike."

"Our team is dedicated to helping transportation agencies improve safety and mobility," said Sooyoung Kang, Founder of D2 Traffic Technologies. "In Aeva, we found a partner with the technology, resources and vision to take that mission to become a market leader in ITS. Together, we are empowering cities with the tools they need to build smarter, safer infrastructure that works for everyone."

Aeva's ITS solutions aim to help municipalities and transportation agencies modernize their infrastructure with advanced perception capabilities that improve safety, efficiency, and sustainability. The exclusive agreement enables a unified sensing architecture built on Aeva's 4D LiDAR sensors and perception technology that supports consistent, high-quality data and analytics across intersections, highway corridors, and urban traffic networks.

Aeva's Atlas Orion™ 4D LiDAR sensors are designed and certified for ITS applications. They combine ultra-long-range performance with precise object detection and instantaneous velocity data, enabling infrastructure systems to sense in four dimensions—3D position plus instant velocity—for real-time differentiation between moving and stationary objects. Each sensor provides vehicle detection at distances up to 500 meters and can identify pedestrians and cyclists at long distances, even in challenging lighting or weather conditions. Built for demanding outdoor environments, Atlas Orion sensors feature Power over Ethernet connectivity for simple installation, NEMA-TS2 certification for reliability, and inherent immunity to interference, glare, and blooming effects common in camera-based systems.

Importantly, unlike camera solutions, Aeva sensors capture precise range, velocity, and position data without relying on visual imagery, offering cities a privacy-preserving way to enhance traffic safety and management. This unique capability supports Aeva's vision for future-ready, connected, and intelligent mobility infrastructure that prioritizes both safety and efficiency in our cities and on the highways.

About Aeva Technologies, Inc. (NASDAQ:AEVA)

Aeva's mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva is accelerating autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing, and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on X or LinkedIn.

Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Eve, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements include, but are not limited to, statements regarding anticipated product features, performance, commercialization timing, market potential, and the success of our partnership with D2. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) the progress and success of our strategic partnership with D2 (iii) Aeva's limited operating history, (iv) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (v) the ability for Aeva to have its products selected as the ITS solutions for municipalities and transportation agencies (vi) Aeva's ability to scale production if any products achieve commercial success (vii) that the arrangement may not result in commercial scale production and sales of Aeva's products, (viii) unforeseen manufacturing or product defects (ix) market acceptance of Aeva's technology in the automotive and other markets, and (x) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

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Media:

Michael Oldenburg

press@aeva.ai

Investors:

Andrew Fung

investors@aeva.ai

Aeva Brings on D2 Traffic Team in Exclusive Partnership for Full-Stack Smart Infrastructure Solutions