One of the World’s Leading Commercial Vehicle
Manufacturers Transitions to Aeva 4D LiDAR Technology to Enable
Safer Autonomous Trucking
Daimler Truck Represents the First Publicly
Announced Top Automotive OEM Production Customer of Aeva Atlas,
Aeva’s Newest Automotive-Grade 4D LiDAR Designed for Mass
Production
Aeva® (NYSE: AEVA), a leader in next-generation sensing and
perception systems and Daimler Truck AG (“Daimler Truck”), one of
the world’s leading commercial vehicle manufacturers, announced
today that Daimler Truck has selected Aeva as the supplier of long
and ultra-long range LiDAR for its series production autonomous
commercial vehicle program.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240109234514/en/
Aeva 4D LiDAR Sensors on a Torc
Autonomous Truck (Graphic: Business Wire)
Under the production collaboration, Aeva will supply its latest
Aeva Atlas™ automotive grade 4D LiDAR technology to Daimler Truck
and collaborate with Torc Robotics, Inc. (“Torc”), an independent
subsidiary of Daimler Truck, to enable SAE Level 4 autonomous
vehicle capabilities beginning with the Class 8 Freightliner
Cascadia truck platform. Daimler Truck intends to integrate the
LiDAR sensors directly in its production process, making it easy
for customers to buy autonomous ready trucks directly out of its
manufacturing plants without the need for sensors to be
retrofitted. Torc in turn will sell its virtual driver technology
and supporting services as a subscription to customers. Torc’s
driving software will use Aeva’s perception software, built around
Aeva’s instant velocity data, to detect objects faster, farther
away, and with higher accuracy. The multi-year collaboration begins
in the first quarter of 2024 with Aeva’s start of production by
2026 and Daimler Truck’s production ramping up by 2027.
LiDAR is a key enabling technology in autonomous driving. While
traditional LiDAR sensors use laser pulses to sense distances to
objects, Aeva’s unique Frequency Modulated Continuous Wave (FMCW)
4D LiDAR technology uses a low power continuous laser beam to
simultaneously measure range and velocity for every point. This
enables vehicles to unlock new levels of safety and automation by
instantaneously discriminating between static and dynamic points
and knowing the precise velocity of dynamic objects.
Joanna Buttler, Head of Global Autonomous Technology Group at
Daimler Truck: “Daimler Truck is committed to leading the
industry’s advancement toward autonomous trucks. Selecting the
right LiDAR technology is a crucial strategic decision to safely
deploy autonomous trucks on the road. We are convinced that Aeva
with its cutting edge and reliable technology is the right
production partner for LiDAR sensors and has the manufacturing
capabilities to scale along with us. Today’s announcement therefore
represents a key puzzle piece on our path towards
commercialization. Together with Torc, we are well on track to
offer autonomous trucks to the U.S. market by 2027."
Peter Vaughan Schmidt, CEO at Torc Robotics adds: “Aeva is
pioneering the commercialization of FMCW LiDAR technology, a key
differentiator for long range detection and object identification.
This means Torc’s virtual driving software can now rely on
significantly higher resolution as well as farther and clearer
detection of objects plus instant velocity detection, which are
crucial to safely deploy autonomous trucks at scale. We have been
working closely with the Aeva team over the past few years and we
are excited about the real-world performance that Aeva’s technology
has already demonstrated to help us solve some of the most
challenging highway-speed use cases.”
Daimler Truck and Torc have made significant progress in turning
autonomous trucks from an idea into reality, running extensive and
successful on road test programs as well as first customer pilots.
To maximise the safety of autonomous trucks, Daimler Truck and
Torc’s trucks are equipped with sensor sets from a combination of
three technologies, namely state-of-the-art LiDAR, radar and camera
technology. This enables safe handling adapted to the respective
situation on highways, surface roads and ramps as well as when
turning at controlled intersections.
The selection represents Aeva’s first major automotive OEM
production design win and is the result of multiple years of
extensive collaboration and qualification with Daimler Truck, Torc
and Daimler Truck North America. As a direct supplier to Daimler
Truck, Aeva is positioned to be a Tier 1 supplier to automotive
OEMs globally.
“Daimler Truck is one of the most reputable commercial vehicle
OEMs in the world. Our partnership with Daimler Truck and Torc
Robotics is trailblazing the next era of commercial trucking, with
safe, autonomous trucks that will revolutionize the industry as we
know it,” said Soroush Salehian, Co-Founder and CEO at Aeva. “We
are pleased to be selected for this major production supplier award
and it is a testament to the hard work, innovation and tenacity of
the entire Aeva team as we cross another critical milestone in
Aeva’s path to leading the industry with our unique FMCW technology
and perception solution.”
About Aeva Technologies, Inc. (NYSE: AEVA)
Aeva’s mission is to bring the next wave of perception to a
broad range of applications from automated driving to industrial
robotics, consumer electronics, consumer health, security and
beyond. Aeva is transforming autonomy with its groundbreaking
sensing and perception technology that integrates all key LiDAR
components onto a silicon photonics chip in a compact module. Aeva
4D LiDAR sensors uniquely detect instant velocity in addition to 3D
position, allowing autonomous devices like vehicles and robots to
make more intelligent and safe decisions. For more information,
visit www.aeva.com, or connect with us on X or LinkedIn.
About Daimler Truck
Daimler Truck Holding AG ("Daimler Truck") is one of the world's
largest commercial vehicle manufacturers, with over 40 main
locations and more than 100,000 employees around the globe. The
founders of Daimler Truck have invented the modern transportation
industry with their trucks and buses a good 125 years ago.
Unchanged to this day, the company's aspirations are dedicated to
one purpose: Daimler Truck works for all who keep the world moving.
Its customers enable people to be mobile and get goods to their
destinations reliably, on time, and safely. Daimler Truck provides
the technologies, products, and services for them to do so. This
also applies to the transformation to CO2-neutral driving. The
company is striving to make sustainable transport a success, with
profound technological knowledge and a clear view of its customers'
needs. Daimler Truck's business activities are structured in five
reporting segments: Trucks North America (TN) with the truck brands
Freightliner and Western Star and the school bus brand Thomas Built
Buses. Trucks Asia (TA) with the FUSO, BharatBenz and RIZON
commercial vehicle brands. Mercedes-Benz (MB) with the truck brand
of the same name. Daimler Buses (DB) with the Mercedes-Benz and
Setra bus brands. Daimler Truck's new Financial Services business
(DTFS) constitutes the fifth segment, the product range in the
truck segments includes light, medium and heavy trucks for
long-distance, distribution and construction traffic and
special-purpose vehicles used mainly in the municipal and
vocational sector. The product range of the bus segment includes
city buses, school buses and intercity buses, coaches and bus
chassis. In addition to the sale of new and used commercial
vehicles, the company also offers aftersales services and
connectivity solutions.
About Torc Robotics
Torc Robotics, headquartered in Blacksburg, Virginia, is an
independent subsidiary of Daimler Truck AG, a global leader and
pioneer in trucking. Founded in 2005 at the birth of the
self-driving vehicle revolution, Torc has over 18 years of
experience in pioneering safety-critical, self-driving
applications. Torc offers a complete self-driving vehicle software
and integration solution and is currently focusing on
commercializing autonomous trucks for long-haul applications in the
U.S. Torc operates test facilities in Albuquerque, New Mexico, and
engineering offices in Austin, Texas; Stuttgart, Germany; and
Montreal, Canada. Torc’s purpose is driving the future of freight
with autonomous technology. As the world’s leading autonomous
trucking solution, we empower exceptional employees, deliver a
focused, hub-to-hub autonomous truck product, and provide our
customers with the safest, most reliable, and cost-efficient
solution to the market.
Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, and Aeva
Ultra Resolution are trademarks/registered trademarks of Aeva, Inc.
All rights reserved. Third-party trademarks are the property of
their respective owners.
Forward looking statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. These forward-looking statements include,
but are not limited to expectations about our product features,
performance, our production expectations and relationship with
Daimler Truck. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including, but not limited to:
(i) the fact that Aeva is an early stage company with a history of
operating losses and may never achieve profitability, (ii) Aeva’s
limited operating history, (iii) the ability to implement business
plans, forecasts, and other expectations and to identify and
realize additional opportunities, (iv) the ability for Aeva to have
its products selected for inclusion in OEM products and (v) other
material risks and other important factors that could affect our
financial results. Please refer to our filings with the SEC,
including our most recent Form 10-Q and Form 10-K. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Aeva assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise. Aeva does not give any
assurance that it will achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240109234514/en/
Media: Michael Oldenburg press@aeva.ai
Daimler Truck Media: Paul Mandaiker
paul.mandaiker@daimlertruck.com +49 17630999267
Daimler Truck North America Media: Anja Weinert
anja.weinert@daimlertruck.com +1-669-600-1478
Torc Robotics Media: Laura Lawton Press@torc.ai
Investors: Andrew Fung investors@aeva.ai
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