Valley Based Aeva News Today

Aeva Technologies on Wednesday said it has inked a deal to supply May Mobility with a key sensor for its self-driving shuttles. Silicon Valley-based Aeva has developed what is known as a lidar sensor that helps self-driving vehicles gain a detailed, long-range view of the road. Michigan-based May Mobility is developing self-driving shuttles, but rather than targeting consumers with a robo-taxi service, it is selling the shuttles to cities and other local governments that use them to complement...

Latest updates from newly floated firms reveal rates of cash burn, as relative newcomer Innovusion raises another $66M.