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Aeva Set to Join Russell 2000® Index
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva Technologies, Inc. (NYSE: AEVA, “Aeva” or the “Company”), a leader in next-generation sensing and perception
About this update from Aeva Technologies, Inc.
[{"type":"text","content":" MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nAeva Technologies, Inc. (NYSE: AEVA, “Aeva” or the “Company”), a leader in next-generation sensing and perception systems, today announced that it is set to join the small-cap Russell 2000® Index and broad-market Russell 3000® Index, as well as the appropriate growth and value style indexes, at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021.\n\n“We have accelerated our momentum since becoming a public company and Aeva’s addition to the Russell Indexes marks another step forward that will continue expanding our reach broadly within the investment community,” said Soroush Salehian, Co-Founder and CEO at Aeva. “As highlighted by recent commercial partnerships and technology advancements, we continue to extend our unique combination of high performance and scalability that is only possible through Aeva’s industry-first FMCW 4D LiDAR.”\n\nThe Russell 3000® Index is a market-capitalization weighted index comprised of the 3,000 largest US stocks. The Russell 1000® Index is a subset that includes the 1,000 largest companies and the Russell 2000® Index is a subset that includes the 2,000 smallest companies. Membership in the Russell US indexes are based primarily on objectives, market-capitalization and style attributes determined by FTSE Russell.\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.\n\nFor more information on the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\nAbout Aeva\n\nFounded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, and led by a multidisciplinary team of engineers and operators experienced in the field of sensing and perception, Aeva’s mission is to bring the next wave of perception technology to broad applications from automated driving to consumer electronics, consumer health, industrial robotics and security. Aeva is publicly listed under ticker “AEVA” on the New York Stock Exchange. For more information, visit www.aeva.com.\n\nAbout FTSE Russell\n\nFTSE Russel...