Autonomous Trucks
Autonomous vehicle developer Aurora Innovation completed a two-part $820 million funding round Friday, giving it badly needed capital and breathing room to continue its quest to get self-driving trucks on the road. The capital raise will help Aurora launch its autonomous trucking business by the end of 2024. An Aurora spokesperson declined to disclose the investors in this round but said that "a number of existing institutional and strategic investors in Aurora participated in the capital raise." In September 2022, Aurora said it had enough cash to fund its self-driving trucking business into mid-2024, but it would need to eventually raise more capital. He signaled Friday that Aurora plans to move ahead with plans to develop its self-driving commercial trucks alone.