Slide 1: Third Quarter 2025 Results
Third Quarter 2025 Results © 2025 Aeva, Inc.
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identi ed by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “stra
Slide 3: Agenda
Agenda Third Quarter 2025 Highlights Business Update Third Quarter 2025 Financial Results © 2025 Aeva, Inc. 3
Slide 4: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights Photo credit: Daimler Truck Expansion into Speed Final Stage with Top 10 On Track with Daimler Sensing; Precision $100M Apollo Investment Global Passenger OEM Truck Production Program Production Line Running Bolsters Balance Sheet • Successfully completed joint • First
Slide 5: Business Update
Business Update © 2025 Aeva, Inc. 5
Slide 6: Successfully Completed Top Passenger OEM's Development Program
Successfully Completed Top 10 Passenger OEM’s Development Program Packaging and integration of Atlas Ultra for use across a broad line up of models Aligning Atlas Ultra performance to enable Level 3 driving applications Comprehensive manufacturing audits with partner LG Innotek and OEM Industrializa
Slide 7: In Late-Stage Contract Negotiations for Series Production Program Award
In Late-Stage Contract Negotiations for Series Production Program Award Global series production program for multiple geographies excluding China Standard platform designed for multiple vehicle model lines Targeting Atlas Ultra for production built on one Uni ed Perception Platform © 2025 Aeva, Inc.
Slide 8: On Track with Daimler Truck Production Program
On Track with Daimler Truck Production Program Completed deliveries for initial vehicle builds Initial orders for Atlas C-sample for deliveries in 2026 to support vehicle eet roll out On track for Daimler Truck’s planned market entry in 2027 © 2025 Aeva, Inc. Photo credit: Daimler Truck 8 fl
Slide 9: Expansion into Speed Sensing for Manufacturing Automation
Expansion into Speed Sensing for Manufacturing Automation Unveiled Eve 1V for non-contact motion sensing with sub-millimeter per second accuracy Wide range of applications where traditional encoders and tactile sensors are used today Initial orders received from multiple customers, with target produ
Slide 10: Precision Production Line Running
Precision Production Line Running Successfully brought up manufacturing line for precision sensing at Fabrinet Building out capacity ahead of time to support expected volumes in 2026 First Eve 1D sensors produced and shipped to customers © 2025 Aeva, Inc. 10
Slide 11: Advancing FMCW Adoption with AevaScenes
Advancing FMCW Adoption with AevaScenes Industry’s rst FMCW 4D LiDAR public dataset designed to advance research and adoption of FMCW Synchronized LiDAR and camera data with object velocity, semantic segmentation and tracking Signi cant interest across research institutions and autonomous developers
Slide 12: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results © 2025 Aeva, Inc. 12
Slide 13: Third Quarter 2025 Summary
Third Quarter 2025 Summary $3.6M ($27.2)M ($33.6)M ~$270M Non-GAAP Gross Cash Use Pro Forma Revenue Operating Loss1 (operating cash ow Liquidity3 less capex)2 fl
Slide 14: AEVA
AEVA © 2025 Aeva, Inc.