Aeva Selected by Top 5 Global Passenger OEM for Vehicle Development Program

Selection Validates Aeva's Leadership in Perception for Advanced Automated Driving

Program Focused on Common Platform for OEM's Global Production Vehicle Line Across Multiple Car Brands

Aeva^® (NASDAQ:AEVA), a leader in next-generation sensing and perception systems, today announced that a top 5 global passenger OEM has selected Aeva for its vehicle development program. The program focuses on the recently introduced Aeva Atlas™ Ultra 4D LiDAR sensor for the OEM's next-generation global production vehicle platform, and will further refine sensor configuration, integration and performance validation.

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Aeva has been selected by top 5 global passenger OEM for vehicle development program

The selection builds upon Aeva's momentum as a trusted direct Tier-1 supplier to global automotive OEMs and autonomous vehicle developers, underscoring the industry's accelerating shift toward 4D LiDAR technology for enhanced safety, performance and reliability.

"This selection by one of the world's most respected OEMs further validates the growing interest for our perception platform and strengthens our momentum in bringing Atlas Ultra to additional production vehicle platforms," said Soroush Salehian, Co-Founder and CEO of Aeva. "Atlas Ultra's combination of high resolution, long-range perception, and slim design positions it well for enabling advanced automated driving on future vehicle platforms."

Built on Aeva's industry-leading perception platform, Atlas Ultra delivers simultaneous range and velocity detection along with high resolution at ranges up to 500 meters. Its slim form factor allows for seamless integration and high-performance sensing in highway-speed and urban automated driving applications.

Aeva anticipates a large-scale production program award opportunity following the completion of the development program.

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 Omni, 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. These forward-looking statements include, but are not limited to expectations about our product features, performance, potential applications, and the timing of production, and market adoption. 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) Aeva's limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) market acceptance of the OEMs products, (v) the risk that the OEM may not pursue the program as currently anticipated, (vi) unforeseen errors or defects, (vii) the ability to ship products in a timely manner, (viii) Aeva's ability to scale production, (ix) market acceptance of LiDAR technology, (x) general economic conditions and 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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