Aeva Technologies, Inc. announced that it has entered into agreements with returning investors such as Adage Capital Management, L.P. and Sylebra Capital Management for the gross proceeds of $20 million on November 8, 2023. The company will issue common stock in a private placement offering at the average closing price of the prior five trading days as of November 7, 2023, without a discount. The transaction is expected to close on or about November 9, 2023, subject to customary closing conditions.