{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/aurora-raised-820m-on-the-road-to-2024-commercial-launch/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Aurora raised $820M on the road to 2024 commercial launch","slug":"aurora-raised-820m-on-the-road-to-2024-commercial-launch","createdLocal":"2023-07-22 14:31:13.297338","publishDate":"2023-07-21 19:37:37+00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://technical.ly/startups/aurora-raised-820-million-2024-commercial-launch/"},"postSummary":{"childMarkdownRemark":{"html":"<p>The publicly traded Aurora has secured an $820 million raise thanks to a combination of public and private funding, it announced this week.\nAccording to leadership, this puts the Strip District-based autonomous trucking company on track to be funded through its commercial launch slated for 2024.\nCEO Chris Urmson said he takes the raise as a sign that reputable investors believe Aurora has the ability to commercialize its autonomous vehicles at scale.\nPittsburgh Biz Times reports the company has endured a series of difficult quarters recently: In Q1 2023, Aurora reportedly saw a $196 million net loss, and prior to that in Q4 2022, a $293 million net loss.\nAs the economy remains uncertain, Urmson said he feels heartened that investors and institutions are willing to give Aurora a vote of confidence in the form of dollars and cents.</p>"}}}},"pageContext":{"slug":"aurora-raised-820m-on-the-road-to-2024-commercial-launch"}}}