InterPrivate Acquisition, a special-purpose acquisition company, completed the merger with Aeva, a provider of comprehensive perception solutions developed on Silicon Photonics for mass-scale applications in automotive, consumer electronics, consumer health, industrial and security markets, in a $2.1bn deal. "We founded Aeva with the vision to bring a new wave of perception technology to market and advance the capabilities of automated driving. This key milestone marks the next stage of our growth, as we look forward to accelerating our ability to bring our unique 4D LiDAR on chip technology to not just automotive, but consumer, industrial and beyond," Mina Rezk, Aeva Co-Founder, President, CTO and Chairman. On January 4, 2021, Sylebra Capital, a global technology investment firm, said it will provide $200m in funding to InterPrivate in exchange for additional stake in the vehicle.