Investor Presentation - October 2026

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OCTOBER 28, 2026

Aurora is driving the commercial inflection point in autonomous freight

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Driverless trucks are on the road, operating

commercially. Autonomous freight is no longer just

Aurora Driver.

a vision. Itʼs a reality and itʼs powered by the

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Introducing Aurora Driver 2 - the combination of our new software, second-generation commercial hardware, and new driverless truck platform

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Driverless Hyperlapse from Dallas to Houston

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Weʼre building the Aurora Driver around a common core to power various vehicles in multiple use cases-trucking is our first focus

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OUR MISSION

safely, quickly, and broadly

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Aurora is in the pole position for autonomous trucking

Only company with regular driverless commercial

long-haul trucking operations on public roads in the U.S.

Trucking is a massive market and the Aurora Driver can unlock tremendous value

Only player with strategic partnerships to enable commercialization at scale

Strong balance sheet supporting our path to scale

Driver as a Service (DaaS) business model supports anticipated capital efficient shareholder value creation

Accelerating our first-mover advantage to reinforce our leadership position

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Trucking is a massive market

With attractive unit economics and significant need for this technology

U.S. Global

~$1 ~$4

trillion1 trillion2

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8 1 CSCMPʼs Annual State of Logistics Report, 2026

2 Armstrong & Associates, Global Third Party Logistics, 2019

Existing infrastructure makes trucking the most 'plug-and-play' market for autonomous technology

Established fleet owners

Defined freight corridors

Robust service networks

Turnkey fuel stop footprint

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BEST IN CLASS OEMS

Our unmatched ecosystem supports our path to scale in trucking

INDUSTRY-LEADING LOGISTICS COMPANIES

Autonomous Solutions

PIONEERING HARDWARE PARTNERS

We are designing our trucking product to address the industryʼs primary pain points

INDUSTRY PAIN POINT

Driver need and high turnover

1,200,000 additional drivers needed over the next decade1, 90%+ annual turnover for large fleets2

11h

Hours of service limitations

Traditional trucking is subject to hours of service limitations, at most 11 hours of driving at a time

High fuel costs

$5/gallon diesel average in 20263

High insurance costs

4,600 deaths in large truck accidents in 20244; Insurance premiums continue to hit new highs, increasing 7.5% on average over the last 5 years5

THE AURORA DRIVER WILL PROVIDE

Scalability; stable driver supply

Higher utilization; faster freight

Potential to reduce fuel use and

emissions by up to 32% through more efficient vehicle operations6

Safer operation; more data for fault attribution

1 ATA Driver Shortage Report Update, 2022

2 ATA 'The Truth About Trucking Turnoverʼ, March 2022 2019 data)

3 EIA Diesel, 2026

4 Motor Carrier Safety Progress Report Federal Motor Carrier Safety Administration, March 2025

11 5 American Transportation Research Institute, Operational Costs of Trucking, 2025

6 Aurora Innovation: The Sustainability Opportunity of Autonomous Trucking, April 2024

Our Safety Case Framework is the foundation for trust in our technology, demonstrating that the Aurora Driver is acceptably safe to

operate on public roads

Trustworthy

Proficient

TOP LEVEL CLAIM

Auroraʼs self-driving vehicles are acceptably safe to operate on public roads

Fail-Safe

Resilient

Continuously Improving

We successfully closed our Safety Case to commence driverless operations and continue to rigorously measure our work against leading industry standards.

Recently, Edge Case completed a comprehensive, independent audit of our driverless Safety Case, setting a new bar for autonomous vehicle safety assurance. As we expanded our driverless network, the assessment confirmed that our Safety Case is well-structured, aligned with industry standards, actively maintained, and backed by hard facts

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Our commercial flywheel is accelerating - we now have 10 customers in our driverless cohort including two with DaaS MOUs representing 1,000 trucks

Transportation as a Service (TaaS) Select Customers

Driver as a Service (DaaS) MOUs

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Now that we have proven the promise of our technology we are focused on rapidly increasing the value of our product for our customers and ultimately becoming an essential partner in the freight industry

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We are expanding our driverless network to 12 routes, strategically mapped to the high-volume freight corridors our customers are prioritizing for scaled autonomous operations

TX

LRD

DFW

HOU

Superhuman Utilization: Fort Worth - Phoenix, a 1,000+ mile route, far exceeds hours of service limitations for a traditional driver

Strategic Access: Dallas - Laredo expands our network to the nationʼs largest international trade gateway and a critical freight artery between the U.S. and Mexico. Expanding to Oklahoma City unlocks the backbone of the I35 corridor - the primary north-south artery for North American trade - linking northern industrial production with the massive consumer powerhouses of the Texas Sun Belt

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We have continued to increase value for customers with validation of driverless operations at night and in multiple forms of inclement weather, including rain, fog, and heavy wind

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Expanding the Aurora Driverʼs operating domain to night more than doubled truck utilization potential. Our proprietary FirstLight Lidar gives the Aurora Driver superhuman perception and a clear safety edge at night. And with an extended 1 kilometer range, our next generation FirstLight Lidar can enable more than 34 seconds to react when at highway speeds, setting a new standard for safety

Camera

Lidar & Radar

During 2025, inclement weather of all types constrained our driverless operations in Texas roughly 40% of the time. Recent software releases drive a step-change in potential availability and utilization across the Sun Belt, a core component of our value proposition. Here our multi-modal sensor suite maintains high-confidence detection in dense fog, identifying vehicles and objects where human vision, as well as camera-only architectures

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In November, the Aurora Driver will be operating directly to sites for several driverless customers, including automated navigation through security checkpoints and weigh stations along the routes

Over the coming months, we will begin site-to-site driverless operations for the majority of our customers.

WATCHVIDEO

With our weigh station traversal capability, the Aurora Driver can now autonomously determine if a station is open, navigate to an available scale lane, and adapt to different scale configurations. This capability makes it easier for customers to integrate the Aurora Driver into their networks.

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To ensure seamless

end-to-end service, we are piloting on-route fueling at truck stops

Navigating these environments requires many of the same advanced surface street capabilities we have already refined; for example, on the 7 miles the Aurora Driver navigates to and from the highway in Houston. The video linked below demonstrates the Aurora Driverʼs proficiency in these complex,

lower-speed settings

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Generalized technology and a proven, accelerating verification & validation process position the Aurora Driver for rapid route and customer facility expansion to support 2027+ demand

VALIDATION TIME PER ROUTE

EACH SQUARE = ONE WEEK

FIRST ROUTE

SECOND ROUTE

TODAY

LOOKING AHEAD

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The Complete Aurora Driver Freight Ecosystem

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Fabrinet or AUMOVIO*

manufactures the Aurora Driver hardware

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Ships hardware to upfitter or OEM

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Upfitter or OEM installs hardware

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Ships to customers

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Customer utilizes Aurora Driver

*Fabrinet is manufacturing our second generation commercial hardware kit and Aumovio is our Hardware as a Service partner for our

20 third generation commercial hardware kit.

Our hardware strategy is designed to support our scaling and cost reduction objectives -targeted 50%+ cost reduction for successive generations

Aurora Driver hardware cost efficiencies due to lower bill of materials (BOM) costs, increased useful life, and improved reliability

# of Trucks

>10,000

Third Generation Commercial

>1,000

Hardware

AUMOVIO

<100

First Generation Commercial Hardware

Second Generation Commercial Hardware

Fabrinet)

Launched July 2026

Designed for 1M miles, improved reliability, and assembly by contract manufacturer to support positive gross profit objective

Scalable Hardware as a Service structure - Aurora pays for the hardware on per mile basis

FirstLight Lidar on a chip

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