Silicon Valley Lidar Startup Aeva Inc. Agrees to go Public in a SPAC Deal That Will Value the Company at $2.1 Billion

Silicon Valley lidar startup Aeva Inc said on Monday it has agreed to go public through a merger with special purpose acquisition company (SPAC) InterPrivate Acquisition Corp. The reverse merger deal will make Aeva the third lidar company seeking and IPO through a deal with a SPAC. The newly combined company will have an implied pro forma equity value of approximately $2.1 billion.

FutureCar Staff 2020-11-02 17:00 PT