Is Aeva Technologies (AEVA) One of the Best Small Cap EV Stocks to Buy Now?

Aeva Technologies, Inc. (NASDAQ:AEVA) is one of the Best Small-cap EV Stocks to Buy According to Analysts. On September 30, Aeva Technologies, Inc. (NASDAQ:AEVA) released a multi-sensor FMCW 4D LiDAR and camera dataset for autonomous vehicle research. The dataset is recognized as the industry’s first open dataset, which features key elements including semantic segmentations, tracking, lane annotations, and object velocity measurements.

Management noted that this open dataset provides researchers with highly accurate and dense range sensing data. Moreover, the company’s interactive sensor diagram provides both wide and narrow fields of view for LiDAR and camera systems. Management believes that this data has the potential to enable researchers to push boundaries of the current autonomous technology.

Aeva Technologies, Inc. (NASDAQ:AEVA) is a tech company that designs and produces LiDAR sensing systems and other autonomous driving-related software for vehicles including EVs.

While we acknowledge the potential of AEVA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AEVA and that has 100x upside potential, check out our report about this cheapest AI stock.

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