Aeva $1 Billion Deal with Daimler Truck
Aeva Technologies has forged a momentous $1 billion deal with Germany’s Daimler Truck to supply cutting-edge sensors tailored for self-driving trucks, set to hit U.S. roads by 2027.
Hailing from Silicon Valley and founded by former Apple (AAPL.O) experts, Aeva specializes in lidar sensors providing vehicles with intricate road views. Their sensor tech excels in detecting distant object speeds, crucial for collision avoidance.
The deal’s total value is projected at $1 billion, with specifics on duration or sensors per truck undisclosed. Revenue is expected this year, with production slated for 2026.
These sensors will integrate into Daimler Truck’s Freightliner Cascadia, enhanced by Torc Robotics for autonomy by 2027.
While passenger vehicle makers reassess self-driving post an SF robotaxi incident, autonomous trucking for specific routes persists. It offers clear cost insights for long hauls, where human drivers handle final legs while autonomy manages lengthy stretches.
Aeva’s CEO, Soroush Salehian, emphasizes highway autonomy’s compelling business rationale, allowing drivers to return home at the end of the day.
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