Aurora Innovation (NASDAQ: AUR) is holding an Analyst and Investor Day at its headquarters in Pittsburgh where executives will share the company’s progress toward driverless deployment and its path to gross profit, scale and self-funding.
For the first time, the company will publicly show the Aurora Driver – an SAE Level 4 autonomous driving system – navigating safety-critical scenarios without anyone on board.
“Building on years of development and testing, our work toward the safe and scalable deployment of driverless trucks is nearing a historic milestone,” said Chris Urmson, CEO and co-founder of Aurora. “Today will show why we believe we will have the essential components not only for Commercial Launch but also deployment at scale to support a strong and self-sustaining business.”
Progress toward Driverless Operations and Commercial Launch
The company’s Safety Case – Aurora’s evidence-based approach to demonstrating that its self-driving vehicles are acceptably safe to operate on public roads – is 93% complete for its launch lane between Dallas and Houston. To show progress toward a closed Safety Case, an Aurora Driver-powered truck with a standard trailer will navigate advanced scenarios on a closed track including:
Autonomous operations: Starting and stopping from a remote app
Advanced capabilities: Avoiding dangerous debris, navigating a tire blowout, and responding to being pulled over by law enforcement
Defensive driving: Handling aggressive cut-ins, unexpected pedestrians, and other road hazards to avoid collisions
Final development of purpose-designed redundant trucks
Aurora has been closed-track testing the all-new autonomous Volvo VNL since late 2023. With safety at the forefront, the soon-to-be-released autonomous VNL is a purpose-designed, production-ready, autonomous truck with robust redundant systems. Aurora and Volvo Autonomous Solutions (V.A.S.) are making significant progress towards commercialization. The company strongly believes the only way to safely and responsibly deploy and scale autonomous trucks is through close collaboration with OEM and manufacturing partners.
Path to Self-Funding
Aurora’s Analyst and Investor Day presentation will be available on a live webcast on Aurora’s investor relations website at ir.aurora.tech, with a replay available for 30 days following the live presentation. During the webcast, Aurora will unveil an indicative roadmap to scale that outlines the path to expected capital efficient revenue growth, high gross margins and positive free cash flow, which is supported by key revenue drivers and critical cost-reduction levers.
