Aeva Technologies, Inc. has closed a follow-on public offering, raising gross proceeds of $115.0 million to meet accelerating commercial interest in AI infrastructure and Co-Packaged Optics (CPO). The company sold 5,168,539 shares of its common stock at a public price of $22.25 per share. This total includes 674,157 shares issued upon the full exercise by underwriters of their option to purchase additional shares. The offering was conducted under an automatically effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (SEC) on June 3, 2026.

The company intends to use the net proceeds for general corporate purposes. Specific areas of focus include meeting the growing demand for AI infrastructure and CPO, as well as supporting existing applications. The funds will help Aeva capitalize on its position in next-generation sensing and perception systems.

Morgan Stanley, Goldman Sachs & Co. LLC, and Oppenheimer & Co. acted as book-running managers for the offering. The final prospectus supplement and accompanying prospectus were filed with the SEC and are available upon request from the underwriters.

Offering Details

Aeva specializes in next-generation sensing and perception systems, leveraging lidar-on-chip technology and silicon photonics. Its 4D LiDAR sensors are designed to detect velocity and position simultaneously for applications in automated driving, robotics, and consumer devices.