Aurora Innovation

Aurora Innovation, Inc. deliver self-driving technology to move both people and goods. The Company offers a platform that autonomously operates passenger vehicles, commercial vehicles, and heavy-duty trucks. Aurora Innovation serves customers in the United States.

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Aurora Innovation advances autonomous tech, secures key partnerships for growth

Aurora Innovation reported strong progress in autonomous technology development, surpassing targets for autonomously hauling loads and introducing new capabilities in Aurora Driver Beta 5.0. Strategic collaborations with OEM partners and industry leaders enhance Aurora's market position, while effective cost management and community engagement remain crucial.

Aurora Innovation reports strong Q1 results and eyes autonomous market growth

Aurora Innovation's Q1 2023 performance reflects revenue growth, effective cost management, and progress towards commercialization, positioning the company for future success.
While facing challenges such as interest rate impacts and cash burn trends, Aurora's strategic partnerships and product innovations present opportunities for sustained growth and market leadership.
Investors can be optimistic about Aurora's financial stability, innovation focus, and growth prospects in the dynamic autonomous vehicle industry landscape.

Aurora raises $853 million, logs 17,000 miles weekly, faces revenue challenges

Aurora's strong cash position and progress towards key milestones are positive indicators. However, the high operating expenses and lack of revenue in Q2 2023 present financial challenges. Opportunities for growth exist in scalability, partnerships, and brand exposure.

Aurora Innovation excels in Q3 with strong performance and growth

Aurora Innovation's Q3 performance reflects strong technological advancements, financial stability, and operational achievements, positioning the company for future growth and market leadership.
While facing challenges in regulatory compliance and Safety Case delays, Aurora's strategic strengths in safety, operational excellence, and customer-centric approach provide a solid foundation for success.
Opportunities for expansion, route establishment, and market diversification present avenues for Aurora to capitalize on its strengths and drive innovation in the autonomous driving and trucking industry.
Overall, Aurora's focus on safety, innovation, and operational efficiency underscores its commitment to excellence and growth in a competitive market landscape.

Aurora Innovation excels in autonomous trucking partnerships and safety focus

Aurora Innovation demonstrated strong performance and strategic partnerships in Q4 2023, emphasizing safety and financial discipline. While facing challenges in ensuring regulatory compliance and safety standards, the company is well-positioned to capitalize on opportunities in the autonomous transportation market through technological advancements and customer engagement.

Aurora Innovation excels in autonomy progress and financial stability

Aurora Innovation's Q1 2024 earnings call highlighted significant progress in autonomy performance, safety advancements, and financial stability, positioning the company for future growth.
The emphasis on regulatory compliance, R&D investments, and achieving key milestones underscores Aurora's commitment to innovation and market leadership in autonomous driving.
While facing challenges in regulatory navigation, cost management, and technological implementation, Aurora's strong balance sheet and strategic focus present opportunities for sustainable growth and market expansion.
By capitalizing on partnerships, market demand, and operational efficiency, Aurora can navigate challenges, leverage strengths, and seize opportunities to drive long-term success in the autonomous driving industry.

Aurora Innovation gears up for April 2025 launch with strong financials

Aurora Innovation is on track for a commercial launch in April 2025, focusing on safety and expanding product capabilities.
Strong financial discipline and successful capital raise position the company well for scaling operations and market expansion.
Challenges in validation, operational readiness, and timeline management need to be addressed to ensure successful commercial deployment.

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Aurora Innovation, Inc. engages in the design and development of automobile hardware, software, and provision of data services. It primarily offers Aurora Driver which allows a vehicle to drive itself. The company was founded by Chris Urmson, Sterling Anderson and Drew Bagnell in 2017 and is headquartered in Pittsburgh, PA.

Aurora Innovation is finalizing steps towards commercial launch of the Aurora Driver along with a subscription trucking service. The company is busy testing an autonomous lane between Dallas and Houston.

Aurora Innovation: 2024 Launch Can't Come Soon Enough

German automotive parts company Continental AG and U.S.-based self-driving technology firm Aurora Innovation said on Thursday they would jointly design and develop autonomous systems for the trucking industry.

Continental, Aurora to jointly develop self-driving systems for trucks

Amid economic uncertainty, tight capital markets, wary investors and consolidation in the nascent autonomous vehicle industry, Aurora Innovation is still motoring on towards its target of commercializing self-driving trucks by 2024, ticking off waypoints and milestones along the way.

How Aurora is navigating the bumpy road to commercial self-driving trucks

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DALLAS--(BUSINESS WIRE)---- $AUR #autonomoustrucking--Aurora Innovation, Inc. (NASDAQ: AUR) today announced it has launched its first commercial-ready terminal for autonomous trucks, setting a new standard for commercial operations in the autonomous trucking industry. Aurora's next-generation South Dallas terminal is designed with innovative features critical for driverless operations and will serve as a blueprint for Aurora's future network of terminals.

Aurora Debuts Industry-Leading Commercial Ready Terminal for Autonomous Trucks

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) today announced it will release first quarter 2023 results after market close on May 3, 2023 and will host a business review conference call that day at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora's investor relations website at ir.aurora.tech. A replay of the webcast will be available for 30 days following the call.

Aurora to Host First Quarter 2023 Business Review Conference Call on May 3, 2023

Alphabet

A major transport union on Tuesday opposed a request filed by Alphabet's self-driving unit Waymo and autonomous driving technology company Aurora for an exemption from rules on warning devices for large semi-trucks, citing safety issues.

Union opposes driverless trucks exemption for Waymo, Aurora

PITTSBURGH--(BUSINESS WIRE)---- $AUR #AuroraDriver--Aurora Innovation, Inc. (NASDAQ: AUR) has named Nat Beuse to be its first Chief Safety Officer. Beuse is an internationally recognized safety expert in vehicle technology, policy, and safety standards with over 20 years of experience in the public and private sectors.

With its focus on commercial launch, Aurora names Nat Beuse as Chief Safety Officer

PITTSBURGH--(BUSINESS WIRE)---- $AUR #autonomoustrucking--Today, Aurora Innovation, Inc. (NASDAQ: AUR) announced that the Aurora Driver is Feature Complete, a critical milestone in its path to launching Aurora Horizon, its autonomous trucking subscription service. Achieved in the first quarter of 2023, Feature Complete confirms the company has introduced the final driving capabilities needed to commercially haul freight without vehicle operators between Dallas and Houston by the end of 2024.

Aurora Introduces Final Capabilities to Advance Toward Commercial Launch of the Aurora Driver

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR), a leading autonomous vehicle company, today announced it has appointed Gloria Boyland to its board of directors. Boyland has served as an advisor to the company for the last two years, and brings extensive industry experience and logistics expertise gained over more than 20 plus years as a senior executive at Fortune 50 companies.

Gloria Boyland Joins Aurora's Board of Directors

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AUR is on track to achieving its commercialization goals, with a projected commercial launch by the end of 2024. AUR has $1.1 billion in cash on the books, which should be enough to sustain the business until about midway through 2024.

Aurora Innovation: On Track To Launch By End Of 2024

Aurora Innovation, Inc. (NASDAQ:AUR ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Stacy Feit - VP, IR Chris Urmson - Co-Founder and CEO Richard Tame - CFO Conference Call Participants Wyatt Swanson - D.A. Davidson David Vernon - Bernstein Operator Greetings and welcome to the Aurora Innovation Fourth Quarter 2022 Business Review Call.

Aurora Innovation, Inc. (AUR) Q4 2022 Earnings Call Transcript

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) today announced its fourth quarter and full year 2022 results. Aurora's shareholder letter, including its financial results, are available on its investor relations website at ir.aurora.tech.

Aurora Announces Fourth Quarter and Full Year 2022 Results

Aurora Innovation Inc on Monday named Ossa Fisher as president to focus on scaling operations at the self-driving technology company ahead of its commercial launch in 2024.

Self-driving tech firm Aurora names Ossa Fisher as president

PITTSBURGH--( BUSINESS WIRE )--Aurora Innovation, Inc. (NASDAQ: AUR), a leading autonomous vehicle company, today announced it has appointed Ossa Fisher as the company's president. Fisher brings more than 20 years of leadership experience to Aurora, spanning strategy, operations, and business functions across a wide variety of technology organizations. As the company focuses on scaling operations and preparing for commercial launch in 2024, Fisher will play a pivotal role in supporting and advancing these critical initiatives.

Aurora Appoints Ossa Fisher as Company President

PITTSBURGH--( BUSINESS WIRE )--Aurora Innovation, Inc. (NASDAQ: AUR) today announced it will release fourth quarter 2022 results after market close on February 15, 2023 and will host a business review conference call that day at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora's investor relations website at ir.aurora.tech. A replay of the webcast will be available for 30 days following the call.

Aurora to Host Fourth Quarter 2022 Business Review Conference Call on February 15, 2023

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Luminar, Aurora, MicroVision: Who Wins In The AV-ADAS Tug-Of-War?

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PITTSBURGH--( BUSINESS WIRE )--Today, Aurora Innovation, Inc. (NASDAQ: AUR) released Aurora Driver Beta 5.0, the latest version of its integrated hardware and autonomy system, to its autonomous trucking fleet in Texas. With a more performant Aurora Driver, Aurora advances toward commercial launch and continues to increase its weekly hauls of freight for pilot customers like FedEx, Uber Freight, Werner, and Schneider.

Aurora Releases Aurora Driver Beta 5.0, As Company Advances Toward Commercial Launch

Uber

Uber Technologies Inc and self-driving technology company Aurora Innovation Inc will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays.

Uber, Aurora to expand self-driving truck ops in Texas to meet holiday rush

DALLAS--( BUSINESS WIRE )--Uber Freight, a leading logistics platform and partner for shippers and carriers, and Aurora Innovation (NASDAQ: AUR), a leading autonomous vehicle company, have announced the expansion of their autonomous pilot with a new commercial lane between Fort Worth and El Paso. The 600-mile lane across Texas launched in October and is supporting Uber Freight customers as they prepare for the 2022 holiday season.

Uber Freight and Aurora Expand Pilot to Autonomously Haul Goods for 2022 Holiday Season

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Aurora Innovation: Automating The Driving Industry For A Better World

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DALLAS & MIAMI--(BUSINESS WIRE)---- $AUR #aurora--Aurora Innovation Inc. (NASDAQ: AUR), a leading autonomous vehicle company, and Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announce a strategic collaboration to pilot on-site fleet maintenance.

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