Aeva Technologies announced that Forterra has selected its 4D LiDAR sensors for the company’s next‑generation autonomous vehicle platform, AutoDrive, marking Aeva’s first contract in the defense sector.
The partnership integrates Aeva’s on‑chip Frequency‑Modulated Continuous‑Wave (FMCW) LiDAR into Forterra’s perception suite, delivering long‑range, velocity‑aware sensing that remains reliable in GPS‑denied and contested environments.
The win expands Aeva’s customer base beyond automotive and industrial markets, validating its technology for mission‑critical applications and positioning the company for large‑scale deployment in defense ground vehicles. It also signals a shift toward higher‑margin, long‑term defense contracts that can accelerate Aeva’s path to series production.
Aeva’s recent financials underscore the significance of the deal: Q3 2025 revenue was $3.6 million with a non‑GAAP operating loss of $27.2 million, and trailing‑twelve‑month revenue totaled $15.15 million. The company’s negative operating and net margins, combined with an Altman Z‑Score that indicates a high bankruptcy risk, highlight the need for new revenue streams. A $100 million investment from Apollo Global Management has strengthened Aeva’s balance sheet and supports scaling efforts.
CEO Soroush Salehian said the contract “validates the strength of Aeva’s technology platform in delivering next‑level perception for the most demanding autonomous mission systems” and that Forterra’s selection “underscores the accelerating adoption of our technology across defense programs.”
The partnership opens the door to large‑scale deployment of Aeva’s sensors, potentially accelerating revenue growth and production scaling. However, the company must still navigate its current profitability challenges and achieve operational leverage to convert the contract into sustainable earnings.
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