Gunderson Dettmer Represented Aeva in $100M Investment from Apollo

Gunderson Dettmer represented client Aeva Technologies, a leader in next-generation sensing and perception systems, in Apollo’s purchase of $100 million in aggregate principal amount of 4.375% convertible senior notes due 2032.

In the announcement of the transaction, Aeva Co-founder and CEO Soroush Salehian said, “This investment demonstrates strong confidence in Aeva’s leadership position in next generation sensing, driven by our unique perception technology platform. The additional capital infusion comes at a defining time in the industry with Aeva reinforcing its clear leadership position across multiple segments, and will further position the company to execute and scale existing programs and additional opportunities in automotive, industrial, robotics and beyond.”

The Gunderson deal team was led by Jeff Vetter and included Elena Vespoli, John Maciejewski and Michael Tiab.