Business
Aurora Makes Major Progress in 2021 Toward Commercializing Self-Driving Technology
Industry-leading partnerships and pilots, and cutting-edge products define path to market PITTSBURGH--(BUSINESS WIRE)-- Through its cutting-edge technology
About this update from Aurora Innovation, Inc.
[{"type":"text","content":"\nIndustry-leading partnerships and pilots, and cutting-edge products define path to market\n\n PITTSBURGH--(BUSINESS WIRE)--\nThrough its cutting-edge technology and industry-leading partnerships, self-driving company Aurora is building a generational business that aims to transform how goods and people move through the world. In 2021 alone, the company has made major advancements toward delivering its vision for how self-driving technology comes to market.\n\nAcross the four quadrants of vehicle manufacturer and network user, Aurora is now partnered with one of the largest transportation and logistics companies in the world with FedEx, the number one ride hailing platform on the planet with Uber, the number one global vehicle OEM on the planet with Toyota, and two of the top three North American OEM's in trucking with Volvo and PACCAR. Aurora believes there is no stronger ecosystem of partnerships to bring this technology to market in the AV industry. Aurora plans to merge with the special purpose acquisition company (SPAC) Reinvent Technology Partners Y (NASDAQ: RTPY) and expects to list on Nasdaq with the ticker symbol AUR on November 4.\n\nWith its flagship product the Aurora Driver – which is designed to enable driverless operation of any vehicle platform, from class 8 trucks to passenger vehicles – Aurora plans to launch its autonomous commercial trucking business Aurora Horizon by late 2023, followed by its driverless ride-hailing business, Aurora Connect, in 2024. Aurora plans to offer a Driver-as-a-Service business model, where fleet owners purchase Aurora-powered vehicles, subscribe to use the Aurora Driver, and utilize Aurora-certified fleet service partners to operate autonomous mobility and logistics services.\n\nAurora’s recent milestones define the critical steps for delivering self-driving products at scale:\n\nDepth and Breadth of Expertise: Welcoming Uber ATG to Aurora\n\nAt close to 1,600 people, Aurora has an industry-leading self-driving team with nearly 200 Ph.Ds and over 1,100 pending and issued patents worldwide. Building on its expertise, in January, Aurora welcomed Uber ATG’s team and technology, integrating their expertise in engineering, safety, ride-sharing, and more into the company’s long-term vision, value, and plans for autonomous vehicle deployment.\n\nIndustry-First Collaboration: Hauling Comm...