Aeva Inc.
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Aeva Inc.
Aeva Technologies, Inc. (NYSE: AEVA) is a publicly traded American corporation specializing in sensing hardware and perception software, including LiDAR, headquartered in Mountain View, California. Aeva makes sensing and perception tools for vehicular automation, metrology, and industrial automation. History Aeva was founded in 2016 by entrepreneurs Soroush Salehian and Mina Rezk, who previously worked in Apple's Special Projects Group and at Nikon. Following a $3.5 million seed round in 2017, the company came out of stealth mode and raised a subsequent $45 million Series A from Lux Capital and Canaan Partners. The company then raised a corporate round from strategic investors including Porsche SE, and Lockheed Martin. In 2021, Aeva merged with InterPrivate Acquisition Corp. to raise over $560 million and trade publicly on the NYSE under the ticker symbol, AEVA. Aeva also announced a $145 million capital raise with existing long-term stockholders in 2023. To date, Aeva is the o ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE Trading room, trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street (Manhattan), Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of Security (finance), securities trading in New York ...
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Luminar Technologies
Luminar Technologies Inc. is an American technology company that develops vision-based lidar and machine perception technologies, primarily for self-driving cars. The company's headquarters and main research and development facilities are in Orlando, Florida; a second major office is located in Palo Alto, California. History 2012–2017: Deep stealth Austin Russell, a 2013 Thiel Fellow, founded Luminar in California in 2012, at the age of 17. Shortly afterwards, Jason Eichenholz joined the company in Orlando as chief technology officer and co-founder. The company spent its first five years in stealth mode. Russell's goal was to develop lidar technology with improved resolution and range by having Luminar fabricate many components in-house, rather than relying on off-the-shelf devices. To increase the time automotive lidar provides for a vehicle to react safely from one second to seven seconds at highway speeds, in 2013 Luminar decided to reevaluate the standard operating w ...
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Application-specific Integrated Circuit
An application-specific integrated circuit (ASIC ) is an integrated circuit (IC) chip customized for a particular use, rather than intended for general-purpose use, such as a chip designed to run in a digital voice recorder or a high-efficiency video codec. Application-specific standard product (ASSP) chips are intermediate between ASICs and industry standard integrated circuits like the 7400 series or the 4000 series. ASIC chips are typically fabricated using metal-oxide-semiconductor (MOS) technology, as MOS integrated circuit chips. As feature sizes have shrunk and design tools improved over the years, the maximum complexity (and hence functionality) possible in an ASIC has grown from 5,000 logic gates to over 100 million. Modern ASICs often include entire microprocessors, memory blocks including ROM, RAM, EEPROM, flash memory and other large building blocks. Such an ASIC is often termed a SoC (system-on-chip). Designers of digital ASICs often use a hardware descrip ...
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Laser Beam
A laser is a device that emits light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. The word "laser" is an acronym for "light amplification by stimulated emission of radiation". The first laser was built in 1960 by Theodore H. Maiman at Hughes Research Laboratories, based on theoretical work by Charles Hard Townes and Arthur Leonard Schawlow. A laser differs from other sources of light in that it emits light which is ''coherent''. Spatial coherence allows a laser to be focused to a tight spot, enabling applications such as laser cutting and lithography. Spatial coherence also allows a laser beam to stay narrow over great distances (collimation), enabling applications such as laser pointers and lidar (light detection and ranging). Lasers can also have high temporal coherence, which allows them to emit light with a very narrow spectrum. Alternatively, temporal coherence can be used to produce ultrashort pulses of ligh ...
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Freightliner Cascadia
Freightliner Cascadia is a heavy-duty semi-trailer truck and the flagship model of Freightliner. Its design took fuel efficiency into great consideration, As well as having improved upon several other features including the powertrain offerings, sound mitigation, safety systems, and overall mechanical reliability from its predecessors. It is offered in three basic configurations: Day Cab, Mid-Roof XT, and Raised Roof. The latter two models are sleeper cabs, offered in various lengths ranging from 48" to 72" inches (Raised Roof models 60” or 72” lengths only). The Cascadia was sold chiefly in North America until 2020, when an export, primarily geared towards the Australian and New Zealand markets, was introduced. Prior to the introduction of the export variant, its place remained occupied by the Freightliner Century (no longer in US production) for export markets. Cascadia Evolution The Cascadia Evolution is a more fuel-efficient version of the Cascadia, released in the yea ...
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Torc Robotics
Torc Robotics (Torc), an independent subsidiary of Daimler Truck, is an American autonomous truck company headquartered in Blacksburg, Virginia, with operations in Albuquerque, New Mexico; Austin, Texas; and Stuttgart, Germany. Torc is testing autonomous trucks in Virginia, New Mexico, and Texas and is taking a pure play approach to commercialization – focusing at first on one platform (Daimler Freightliner Cascadia) in one region (United States). Until becoming a subsidiary of Daimler, Torc produced unmanned and autonomous technology that retrofits to existing machinery and vehicles. Its custom products, software and automation kits have been used on vehicles in several industries, including military, mining agriculture, and automotive over the last decade. Through 2014, 50 percent of Torc's revenue came from defense work and the rest from commercial customers. Some of its end users include the United States Department of Defense, the U.S. Marines, Air Force Research Labs (AFRL ...
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Daimler Truck
Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is one of the world's largest commercial vehicle manufacturers, with over 35 main locations worldwide and approximately 100,000 employees. Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was part of Daimler AG from November 2019 to December 2021. History Daimler Truck was established in 2019 as a subsidiary of Daimler AG. In February 2021, Daimler said it planned to spin off Daimler Truck into a separate listed company. The spin-off was approved by its shareholders on 1 October 2021. Following this, Daimler Truck Holding AG was incorporated to manage assets owned by Daimler Truck AG, and Daimler AG retained 35% of shares in a new company, with 5% being transferred to its pension trust. A separate website of Daimler Truck company was launched on 1 December, and the company went public on 10 December. Brands * Mercedes-Benz: light, medium and heavy trucks, buses * Freightliner: med ...
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Toyota Sienna
The Toyota Sienna is a minivan manufactured and marketed by Toyota primarily for the North American and select East Asian markets. It is named for the Italian city of Siena, in the region of Tuscany. It replaced the first generation Previa van in 1997 with a more conventional front-wheel drive layout and shares a heavily revised platform with the Camry. Both the Previa and original Sienna were smaller than the other minivans they competed against, but a redesign in 2003 (for the 2004 model year) increased the dimensions to match those of its competitors. It was redesigned again in 2010 (for the 2011 model year). The third generation Sienna went on sale in the United States in February 2010 and is the first Sienna to ever receive a "Top Safety Pick" award from the Insurance Institute for Highway Safety. A 2020 redesign (for the 2021 model year) saw the Sienna becoming a hybrid vehicle for its fourth generation. While previous generations of the Sienna were exported to select Asi ...
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Nvidia Drive
Nvidia Drive is a computer platform by Nvidia, aimed at providing autonomous car and driver assistance functionality powered by deep learning. The platform was introduced at the Consumer Electronics Show (CES) in Las Vegas in January 2015. An enhanced version, the Drive PX 2 was introduced at CES a year later, in January 2016. The closely platform related software release program at some point in time got branded NVIDIA DRIVE Hyperion along with a revision number helping to match with the generation of hardware it is created for - and also creating ready to order bundles under those term. In former times there were only the terms Nvidia Drive SDK for the developer package and sub-included Nvidia Drive OS for the system software (aka OS) that came with the evaluation platforms or could be downloaded for OS switching and updating later on. Hardware and Semiconductors Maxwell based The first of Nvidia's autonomous chips was announced at CES 2015, based on the Maxwell GPU microar ...
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Series A
A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors. Series A rounds are traditionally a critical stage in the funding of new companies. Series A investors typically purchase 10% to 30% of the company. The capital raised during a series A is usually intended to capitalize the company for 6 months to 2 years as it develops its products, performs initial marketing and branding, hires its initial employees, and otherwise undertakes early stage business operations. It may be followed by more rounds ( Series B, Series C, etc). Sources of capital Because there are no public exchanges listing their securi ...
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Mountain View, California
Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376. Mountain View was integral to the early history and growth of Silicon Valley, and is the location of many high technology companies. In 1956, William Shockley established Shockley Semiconductor Laboratory in Mountain View, the first company to develop silicon semiconductor devices in Silicon Valley. Today, Mountain View houses the headquarters of many of the world's largest technology companies, including Google and Alphabet Inc., Unicode Consortium, Intuit, NASA Ames research center, and major headquarter offices for Microsoft, NortonLifeLock, Symantec, 23andMe, LinkedIn, Samsung, and Synopsys. History The Mexican land grant of Rancho Pastoria de las Borregas was given in 1842 by Alta California Governor Juan Bautista Alvarado, Juan Alvarado to Francisco Estrada. This grant was later passed on to Mariano Castro, who sold ...
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