Former Apple engineers secure more funding for driverless tech start-up
InterPrivate shares have rallied 47% since the merger was announced on November 2
04 January 2021 - 16:57
Detroit — Aeva, a laser-sensor start-up founded by two former Apple engineers, is poised to increase its war chest by $200m with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger.
The funding from Sylebra Capital Management is expected to boost the total proceeds from its planned deal with InterPrivate Acquisition to $563m, an Aeva executive said. Investor interest in Aeva is part of a wave of financing deals targeting next-generation vehicle-related companies focused on fields such as battery-electric and driverless technology...
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