Seoul-based LG Innotek acquires a 6% stake in US lidar innovator Aeva, aiming to co-develop advanced frequency modulated continuous-wave lidar sensors for passenger vehicles, robotics, and consumer electronics by 2027.
LG Innotek, a tech company based in Seoul known for its dominance in smartphone camera modules, has just stepped into a pretty significant partnership with Aeva Technologies, a US-based lidar innovator. Seems like LG Innotek recently made it official, committing up to $50 million in a non-dilutive equity investment—that’s investment that doesn’t dilute existing shares—and, from what I gather, they’re sitting on about a 6 percent stake in Aeva. This move, according to Aeva’s own announcements, is aimed at speeding up the bringing-to-market and wider adoption of Aeva’s cutting-edge frequency modulated continuous-wave (FMCW) lidar tech across a bunch of sectors—from automotive and industrial automation to robotics and even consumer electronics.
Now, what really sets Aeva’s FMCW lidar apart is its ability to detect not just the three-dimensional position of objects but also their velocity, all at the same time. That kind of dual capability gives it a serious edge when it comes to perception tech. Their “Atlas Ultra” lidar, which is geared towards auto applications, uses tiny chip-scale modules packed with complex photonic parts. LG Innotek’s part in all this involves manufacturing those sensors, starting initially to support a "top-ten" global passenger vehicle OEM—production is slated to kick off in 2027. This fits pretty well with Aeva’s bigger goal, especially since they recently got backing from Daimler Truck, to ramp up sensor production to about 200,000 units every year—definitely a move to strengthen their position in autonomous logistics.
But this partnership’s not solely about cars. They’re also looking to leverage LG Innotek’s expertise in optical sensors. The company already holds a solid patent portfolio, with around 300 lidar-related patents, and has experience acquiring intellectual property from companies like Argo AI. The idea? To expand FMCW lidar’s reach into indoor and outdoor industrial automation, robotics, and maybe even various consumer markets. Think sensors for smartphones, tablets, augmented and virtual reality headsets, smart appliances, and home robots—pretty much embedding advanced sensing into a wide array of devices. It’s really part of a bigger push toward what Aeva calls “Physical AI,” aiming to create smart machines that can perceive and interact with their environments in real time.
LG Innotek’s CEO, Hyuksoo Moon, emphasized that their vision for this collaboration isn’t just as a supplier. He sees the company stepping up as a co-developer and a key player in next-gen lidar tech. And this really aligns with LG Innotek’s broader plan—to expand their vehicle sensing solutions into a business worth about $1.4 billion by 2030. They’re hitting that target with the help of their dedicated lidar division, plus ongoing investments in R&D, especially focusing on automotive and electric vehicle tech sectors. People following the industry note that LG Innotek’s innovations in optical design, manufacturing prowess, and their arsenal of patents—covering everything from EV charging to lidar—give them a sturdy platform to support the rising demand for sophisticated perception systems in the mobility space and beyond.
Meanwhile, Aeva’s CEO, Soroush Salehian, expressed a lot of confidence about the partnership’s potential. He believes LG Innotek’s tech strength and global presence could be unlocked to open up new markets for FMCW lidar. The joint efforts are set to produce perception solutions that can adapt across different environments and use cases—improving how machines understand and interact with the real world. This alliance really seems poised to shape the future of lidar sensing, focusing on smaller, integrated solutions usable across various industries, marking quite a milestone in the development of autonomous systems and intelligent devices.
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Source: Noah Wire Services