Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch
AURAurora Innovation(AUR) TechCrunch·2024-08-02 00:34

Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races towards a driverless commercial launch by the end of 2024. Aurora, which went public in 2021 through a special purpose acquisition merger, is pursuing a driver-as-a-service model, wherein carriers purchase trucks with the Aurora Driver tech on board and then offer their services via those trucks to shippers. But the company is planning to go to market as a carrier, offering up to 20 a ...