Slide 1: Second Quarter 2025 Business Review
Second Quarter 2025 Business Review JULY 30, 2025 1 © 2025 | AURORA PROPRIETARY
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning Additional information will also be set forth in our Quarterly Report on Form 10Q of the federal securities laws. All statements contained in this presentation
Slide 3: Q2 marked a pivotal moment in transportation history with driverless launch
Q2 marked a pivotal moment in transportation history with our launch of the first driverless commercial trucking operations on public roads in the U.S. — the Aurora Driver already logged more than 20,000 driverless miles through 6/30/25 Driverless miles through 6/30/25 equate to more than eight coas
Slide 4: Aurora Driver Live showcasing driverless operations
To provide a window into this progress, we are showcasing the Aurora Driver in action during this Watch Video initial phase of our operations via Aurora Driver Live, a first-of-its-kind glimpse into the future of Driverless trucks traversing the route between Dallas and Houston, demonstrating the sa
Slide 5: Our focus now is continuing to prove the promise of the technology
Our focus now is continuing to prove the promise of the technology, increasing the value of our product for our customers, and ultimately becoming an essential partner in the freight industry 5 © 2025 | AURORA PROPRIETARY
Slide 6: 2025 Product Roadmap: Crawl, Walk, Run Approach
2025 Product Roadmap: Crawl, Walk, Run Approach 6 © 2025 | AURORA PROPRIETARY
Slide 7: Validated night driverless operations ahead of schedule
Just three months after launch and ahead of schedule, we validated night driverless operations, more than doubling truck utilization potential Watch Video With FirstLight lidar, the Aurora Driver sees over 450 meters in even the darkest conditions, which is approximately three times the legal range
Slide 8: Working to validate driverless operations in challenging weather
We are now working to validate driverless operations in more challenging weather conditions, like rain and heavy wind FPO 8 © 2025 | AURORA PROPRIETARY
Slide 9: Lane expansion plan remains on track
Our lane expansion plan remains on track with AZ NM driverless operations PHX ELP DFW between Fort Worth and TX El Paso, and further HOU extension of this lane to Driverless Operations Phoenix expected by the We opened our terminal in Phoenix in June and now have two end of the year customers, Werne
Slide 10: Carrier Perspective: potential for significant revenue and profit growth
Carrier Perspective: The Aurora Driver has the potential to deliver significant revenue and profit growth Illustrative End-to-End Case Study: 1 week comparison Estimated Revenue Estimated Profit $ / truck $ / truck 16,400 Phoenix Fort Worth Distance: 1,000 miles $1,510 incremental profit 816% high
Slide 11: Second and third generation commercial hardware kits
We continue to work on our second and third generation commercial hardware kits to support our scaling and profitability ambitions Following receipt of B-samples of our second generation commercial hardware kit for testing from our contract manufacturer, Fabrinet, we completed the first vehicle buil
Slide 12: Progress with OEM partners on purpose-built self-driving platforms
We continue to make great progress with our OEM partners on purpose-built self-driving platforms designed for high-volume production We recently received the latest pedigree of Volvo VNL Autonomous trucks and integrated the Aurora Driver for on-road autonomy testing PACCAR recently completed the bui
Slide 13: Partnership ecosystem creates a flywheel
The combination of the Aurora Driver and our partnership ecosystem creates a flywheel that delivers value across the entire ecosystem A growing fleet generates more data, accelerating capability expansion and driving adoption Larger production volumes drive down the cost of self-driving hardware, in
Slide 14: 3.3M+ Commercial Miles, Nearly 100% On-Time, Zero Collisions
Cumulative to-date through 6/30/25: 3.3M+ Commercial Miles Nearly 100% On-Time (AURORA-CONTROLLED RATE) Zero Aurora Driver- Attributed Collisions 14 © 2025 | AURORA PROPRIETARY
Slide 15: Aurora Driver Indicative Roadmap to Scale
Aurora Driver Indicative Roadmap to Scale 2025 2026 2027 Commercial Launch Path to Gross Profit Path to Scale & Self-Funding OWNERSHIP & DELIVERY MODEL Fleet Ownership Aurora Customer Predominantly Customer Delivery First Customer Model Terminal to Terminal Blended Endpoints and Terminals Endpoints
Slide 16: Second Quarter 2025 Summary Financial Results
Second Quarter 2025 Summary Financial Results ($ in millions) June 30, 2025 Cash and cash equivalents, and short-term investments $1,309 Quarter Ended Year Ended ($ in millions) June 30, 2025 December 31, 2024 Revenue $1 - Cost of revenue $5 - Research and development $190 $676 Selling, general and
Slide 17: © 2025 | AURORA PROPRIETARY
17 © 2025 | AURORA PROPRIETARY