Aurora demonstrates the Aurora Driver at its first-ever Investor and Analyst Days
Aurora hosted its "Aurora Illuminated" event in Palmer, Texas, showcasing its autonomous driving technology and commercialization path. Attendees experienced the Aurora Driver in action during autonomous rides along Interstate 45. The company is merging with Reinvent Technology Partners Y (RTPY) and expects to be listed on Nasdaq as AUR. Aurora has driven over 4.5 million on-road miles and is advancing its autonomous trucking business, expected to launch by late 2023. The event featured partnerships with major manufacturers like PACCAR and Volvo, emphasizing Aurora's focus on safety and technological innovation.
- Successful demonstration of the Aurora Driver during the Aurora Illuminated event.
- Aurora’s merger with RTPY expected to strengthen its market position.
- Progress towards launching autonomous trucking by late 2023.
- Potential delays in the completion of the merger with RTPY.
- Regulatory risks affecting the deployment timeline of self-driving technology.
At Aurora Illuminated, company showcases its progress, technical expertise, and path to commercialization
“This is an exciting time for Aurora. Through close collaboration with our partners, we are delivering on key milestones on our path to market in both trucking and ride-hailing,” said Aurora co-founder and CEO,
Earlier this summer, Aurora announced its plan to merge with the special purpose acquisition company (
“We continue to be impressed with Aurora’s team and the progress they’re making with both their cutting-edge technology and their path to market,” said
In addition to investors and analysts, the company invited automotive partners, customers, government officials, and its
Aurora-powered trucks autonomously hauling goods on
Guests rode in an autonomous
The autonomous
Prior to Aurora Illuminated, the company had already driven more than 4.5 million on-road miles, as well as billions of effective miles in Aurora's Virtual Testing Suite.
Marrying rigorous engineering with advanced machine learning, Aurora showcases how its innovative software and hardware power the Aurora Driver
“Aurora’s approach to developing a self-driving product is one that is designed to be both safe and scalable—an approach that’s driven by data, harnesses the power of machine learning and artificial intelligence, and leverages the strengths of a world-class team of software and hardware engineers,” said Aurora co-founder and Chief Scientist,
The company highlighted key innovations including:
- Advancing the Aurora Driver through valuable data that drives Machine Learning & AI: Aurora has built important key foundational tools that enable fast interactions and rapid innovation and advancement to power the Aurora "Data Engine" as it collects, mines, labels, and feeds into models training on-road data. This fast iteration cycle provides the teams with the information they need to rapidly advance the capabilities of the Aurora Driver.
- Designing purpose-built hardware for performance, reliability, and scale: Whether it’s Aurora’s powerful computer or advanced FirstLight lidar sensors, the company’s tightly integrated hardware and software teams jointly design high-performance, custom-built hardware that meet the specific needs of the Aurora Driver.
- The power of Aurora’s perception system: Leveraging deep learning & early sensor fusion to see the world in full 3D and at long ranges: Aurora’s state-of-the-art perception system provides the Aurora Driver with advanced situational awareness, made possible through its innovative approach to the integration of deep learning and probabilistic state estimation.
-
Aurora Atlas : Lightweight, scalable, high-definition maps for safe autonomous driving: Aurora is approaching HD mapping in a unique, innovative way that is built for rapid expansion through custom-built machine learning tools and automation.
- Aurora’s simulation engine: Accelerating development and validation through scalable simulation in virtual worlds: Simulation testing, which drives the development of the Aurora Driver, is the quickest and safest way to train and test our self-driving technology.
- Interactive forecasting and learned decision making: Using machine learning to make better driving decisions: Aurora’s learned, interleaved approach to forecasting and planning allows the Aurora Driver to reason about how other vehicles behave and make safe, predictable decisions on the road.
Aurora shows Volvo VNL truck and Toyota Sienna, both powered by the Aurora Driver
Aurora continues to make progress towards deploying an autonomous trucking business by late 2023 and ride-hailing in late 2024 through deep partnerships with truck manufacturers, PACCAR and
The company displayed two different vehicle prototypes, progress it is making through the Aurora Driver Development Program, which will ultimately deliver vehicles that move goods and people autonomously through the world:
- The Volvo VNL truck, powered by the Aurora Driver, is the design prototype of Volvo’s first autonomous truck, intended for commercial production. On-road testing of the fully integrated VNL will begin in 2022.
-
The Toyota Sienna, powered by the Aurora Driver, is the prototype of Toyota’s first “Sienna Autono-MaaS” intended for mass production. Aurora is currently integrating its Driver into the vehicle and will have a testing fleet of about a dozen vehicles out for testing and validation in
Pittsburgh , theSan Francisco Bay Area , andTexas .
Aurora’s industry-leading safety work is critical to deploying self-driving technology at scale
Safety plays a key role in everything Aurora does, from how it tests and develops its technology to how it plans to deploy the Aurora Driver at scale. During the event, the company highlighted its industry-leading work, including its Safety Management System and transparent and collaborative approach to working with private and public partners. It also featured an interactive demo of its Safety Case Framework, an imperative component for any company looking to operate without a safety driver and safely deliver commercial-ready self-driving vehicles at scale. Aurora is the only company to share a framework that addresses both autonomous trucking and passenger mobility.
Over the next few weeks and months, Aurora will continue to share more about its work as the company deploys its technology safely, quickly, and broadly.
About Aurora
Founded in 2017 by experts in the self-driving industry, Aurora is on a mission to deliver the benefits of self-driving technology safely, quickly, and broadly. To move both people and goods, the company is building the Aurora Driver, a platform that brings together software, hardware and data services to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by
Aurora Illuminated Digital Asset Kit
Aurora Fact Sheet
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between
Additional Information and Where to Find It
This document relates to a proposed transaction between Reinvent and Aurora. This document is not a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Reinvent has filed a registration statement on Form S-4 with the
Participants in Solicitation
Reinvent and Aurora and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Reinvent’s shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of Reinvent and Aurora and information regarding their interests in the proposed transaction are set forth in the proxy statement/prospectus. You may obtain free copies of these documents as described in the preceding paragraph.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005866/en/
Khobi Brooklyn
press@aurora.tech
(415) 699-3657
Source: Aurora
FAQ
What is Aurora Illuminated event?
When is Aurora's merger with RTPY expected to be completed?
What is the status of Aurora's autonomous trucking plans?
How many miles has Aurora's autonomous technology been tested?