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Reverse Capitalization (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Reconciliation of Elements of Business Combination | The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows and the consolidated statement of changes in stockholders’ equity for the year ended December 31, 2021 (in thousands):
Cash - InterPrivate’s trust and cash (net of redemption) |  | $ | 240,777 |
Cash - Private offering |  |  | 320,000 |
Less: transaction costs and advisory fees paid |  |  | (47,708 | )
Net Business Combination and Private Offering |  | $ | 513,069 |
The number of shares of common stock issued immediately following the consummation of the Business Combination were:
Common stock, outstanding prior to Business Combination |  |  | 24,150,000 |
Less: redemption of IPV shares |  |  | (30,874 | )
Common stock of IPV Corp |  |  | 24,119,126 |
IPV founder shares |  |  | 6,905,500 |
Shares issued in PIPE |  |  | 28,318,478 |
Business Combination and PIPE shares |  |  | 59,343,104 |
Legacy Aeva shares(1) |  |  | 152,066,648 |
Total shares of common stock immediately after Business Combination |  |  | 211,409,752 |
Aeva exercise of warrants |  |  | — |
Total shares of common stock at March 12, 2021 |  |  | 211,409,752 |
(1) The number of Legacy Aeva shares was determined as follows: |  |  |
|  | Aeva shares |  |  | Aeva shares, effected for Exchange Ratio |
Balance at December 31, 2019 |  |  | 8,031,018 |  |  |  | 72,894,258 |
Recapitalization applied to Convertible Preferred Stock outstanding at December 31, 2019 |  |  | 8,606,780 |  |  |  | 78,120,214 |
Exercise of common stock options - 2020 |  |  | 38,675 |  |  |  | 351,037 |
Exercise of common stock options - 2021 (pre-Closing) |  |  | 77,247 |  |  |  | 701,139 |
Total |  |  |  |  |  | 152,066,648 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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