InterPrivate Acquisition is an appealing stock here with an EV of only $3.2 billon. Luminar trades above a $10 billion valuation with similar prospects.
BY THAT MATH IPV SHALL GO UP 300% AT LEAST!
MY WHOLE THING WITH THESE SPAC'S IS THEIR NAMES SUCK! and makes the whole sector seem fishy,... The art of the game is buying one of these SPACs as they change their name and people forget that they are a SPAC.. Take Skillz it's a perfect example that was Flying Eagle acquisition corp when I bought it-- Still a good name! I liked that one but they became Skillz a great name! and they had their first earnings report and now they are just Skillz. They made it! they exist on their own without an IPO. <--- That's the goal.
So I don't like these names like the terrible BFT.... Bil Foley Transimaiatorative or whatever!!! I don't like it- I hate it but I'm waiting for Paysafe which I like and which I think like Skillz once they affect the name change and report an earnings cycle.. people will forget...
Which bring us to Aeva. I saw these guys on the Bloomberg yesterday and quite frankly I am investing in something I don't agree with. I have always said the first time I see a car next to me without a driver I am going to freak out. I may even nudge it on purpose. So Aeva is going to send out long haul trucks without drivers.
On the surface it seems like a good idea but these trucks need their own separate lanes, I don't want to see them on the roads they should be contained some how. And I don't want to take away any jobs that people like. I think trucking has gone way downhill and most drivers would give up their job to a LIDAR unit wothout much of a fight.
Aeva think they've made a big leap forward. How are they different?
Salehian and his co-founder Mina Rezk have developed lidar directly on a
semiconductor. Salehian believes the tech is a monumental step toward mass commercialization of lidar. It enables
more cost-effective manufacturing and
lower power consumption -- the latter an underrated feature of tech hardware as low-power chips make designing a system much easier for engineers.
Aeva's tech is also the only lidar that can measure velocity, the speed at which an object is moving.
Right off the bat we have some advantages... cost effective and uses less power and can measure speed and velocity <-- all huge.
--Salehian and Aeva are already looking beyond the auto industry to see where else lidar might be able to change the game...
Ok so here is where the " Lidar On A Chip " comes into play... are there other markets? YES!
--a manufacturing agreement with German auto parts leader ZF Group, annual revenue is expected to be just $11 million in 2021. But as mass production gets underway, Aeva expects revenue to ramp up to $286 million in 2024 and $880 million in 2025.
Nearly 80% of that long-range projection will come from the automotive industry.
But that other 20% none of these other co's can do......
Aeva will be flush with some
half a billion dollars in cash. And if it does reach its $880 million revenue benchmark by 2025, the company projects it will generate very healthy free cash flow (basic profitability measured as revenue minus cash operating expenses and capital expenditures) of $343 million.
Salehian and co-founder Rezk founded Aeva in 2017. Their previous home?
Apple, where Salehian they both worked in
Apple's Special Projects Group, specifically as heads of engineering teams for the tech giant's
"Sensing Systems" unit.
So Don't Think IPV-! Think " Lidar-On-A-Chip " and Think
Aeva.....