InterPrivate Acquisition Corp. announced today that it has entered into a definitive agreement for a business combination with Aeva, the first company to provide a perception platform built from the ground up on Silicon Photonics for mass scale application in automotive, consumer electronics and other sectors. Upon closing of the transaction, the combined company will be renamed “Aeva, Inc.” and is expected to continue to be listed on the NYSE under the ticker symbol “AEVA.” The deal would give Aeva a market valuation of about $2B. Read the 8-K here.
Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, Aeva is actively engaged with 30 of the top players in automated and autonomous driving across passenger, trucking and mobility. Read more.
