Aeva Technologies Inc. (AEVA) Unveils High-Precision Non-Contact Motion Sensor

Aeva Technologies Inc. (NASDAQ:AEVA) is one of the best lidar stocks to buy right now. On September 10, the company unveiled a high-precision non-contact motion sensor dubbed Aeva Eve 1V. The sensor leverages Frequency Modulated Continuous Wave sensing technology, making it highly suitable for industrial applications.

Consequently, it can be used to measure lateral velocity, length, movement direction, and position of moving materials. Aeva expects the motion sensor to find use in packaging, printing, construction materials, and extrusion lines. That’s because it can be used to measure both continuous materials and discrete goods with sub-millimeter per second accuracy.

“By combining non-contact FMCW laser measurement with our proven performance in velocity and position sensing, Eve 1V empowers manufacturers to measure faster, more accurately, and without maintenance down-time,” said Mina Rezk, Cofounder and CTO at Aeva.

The sensor features a Class 1 eye-safe laser, making it highly effective for replacing traditional tactile measuring wheels and laser velocimeters. It can also be used to eliminate slippage errors common with wheel encoders.

Aeva Technologies Inc. (NASDAQ:AEVA) develops and manufactures 4D lidar sensors and perception software for autonomous systems, including self-driving cars, industrial automation, and robotics. Its frequency modulated continuous wave (FMCW) technology allows sensors to detect both the velocity and range of objects simultaneously, a feature unique to their system.

While we acknowledge the potential of AEVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 7 Best Cement Stocks to Buy According to Analysts and 10 Best Defensive Stocks to Buy According to Steve Cohen.

Disclosure: None. This article is originally published at Insider Monkey.