Well, someone has a thing for lasers. Sylebra Capital just went full Scrooge McDuck on Aeva Technologies, scooping up over $23 million worth of stock in three days like they're prepping for a LiDAR apocalypse—or a very lucrative one.

(Source: Giphy) 

In short, Sylebra basically just screamed “we either know something or we’re about to find out the hard way,” as they picked up 3.56 million shares between March 27 and March 31, at prices ranging from $6.15 to $6.77. Not exactly penny stock vibes, but still a bargain bin if you believe the hype. Meaning, after this shopping spree, they now hold 16.2 million shares, which is quite the Daddy Warbucks stake in a company with a $367 million market cap. 

So, what the hell is Aeva anyway? Glad you asked. In essence, Aeva Technologies is a Mountain View-based LiDAR company that claims it can see the future. Literally. Their signature tech is FMCW LiDAR (that’s Frequency Modulated Continuous Wave for the nerds in the back), which doesn’t just measure length of distance like me hitting puberty—it measures velocity too. It’s like if radar had a baby with a laser pointer and then gave it a PhD in physics.

(Source: Investing.com) 

Now, the company’s been busy trying to make itself matter in a world where Tesla keeps screaming “no LiDAR!" while everyone else quietly builds it into their AV stack anyway. Aeva’s got deals with Daimler Truck, a global top 10 auto OEM (they won’t say who, but if I were a betting man my guess is that it rhymes with "Shmonda"), and even landed a partnership with Australia’s Sensys Gatso for mobile speed enforcement tech—aka, their lasers are going to catch you doing 75 in a school zone.

But is this a no-brainer bet? Well, here’s the receipts: Last year, Aeva made $9.1 million in revenue. That’s not a typo. That’s one good Series A round in VC land. And they lit nearly $123 million on fire in losses. This year, they’re guiding for $15–$18 million in revenue, which sounds impressive until you realize that’s still less than what a mid-tier OnlyFans creator makes annually.

(Source: Giphy) 

However, the spicy part? Aeva’s stock is already up 133% in the past six months. Which is kind of unusual for a company with that small of revenue—and yet, it hints to “something is cooking” territory. Plus, now that Sylebra just dropped a mid-eight-figure bag like they’re buying the dip on Nvidia in 2015—either they see a moonshot or they’re just really into niche sensor tech with negative EBITDA.

What’s even more interesting is that Canaccord Genuity just initiated coverage on both Aeva and Arbe Robotics with Buy ratings, calling them crucial bets in the autonomous vehicle wars. Aeva got a $9.50 price target, which puts about 40% upside on the table from current levels.

(Source: Seeking Alpha) 

Now look, I get it—autonomous vehicles have been “just around the corner” for a decade now. But the slow grind toward production programs (Daimler Truck in 2026, OEM #Whatever in 2027) means real revenue could actually—gasp—start showing up. Assuming they don’t run out of money first. For now, Aeva’s got $112 million in cash and another $125 million in undrawn credit. That’s enough to keep the lights on, pay some engineers, and maybe even post a few TikToks about how chill LiDAR is.

In the end, Sylebra’s bet is bold, especially considering that Aeva is still a pre-scale tech play bleeding cash and chasing validation. But if LiDAR really is the future of autonomy, industrial sensing, and speed traps that ruin your day—then they may have just bought the dip on a company that could 100x… or go to zero trying. Meaning, do your best due diligence and place your bets accordingly, friends. This one will definitely be interesting to keep your eyes on. As always, stay safe and stay frosty, friends! Until next time…

P.S. You think this is a juicy story in the making? Just imagine the even more thicc and girthy insider politician trades we cover on the Stocks.News premium side. Click here to see what I mean… 

Stocks.News holds positions in Tesla as mentioned in the article.