Progress Towards Commercial Launch
Aurora is nearing the culmination of years of innovation with a planned commercial launch in April. The company has reached 99% ARM for the Dallas to Houston launch lane and has been approaching 90% API loads since mid-October.
Strong Financial Position
Aurora has demonstrated strong financial discipline with operating expenses totaling $199 million in Q4, including stock-based compensation. The company ended the year with over $1.2 billion in cash and short-term investments.
Strategic Partnerships
Aurora announced a 3-way partnership with NVIDIA and Continental, which will enable scaling and deployment at a larger scale. The partnership will integrate NVIDIA's DRIVE Thor system-on-a-chip into Aurora's hardware kit.
Regulatory Support
The U.S. federal government allows driverless deployment, and Aurora is optimistic about the new Presidential administration's support for innovation and a nationwide framework for self-driving vehicles.
Sustainability and Efficiency
Aurora's autonomous trucks are achieving fuel efficiency 15% above the industry average, with potential to reduce fuel use and emissions by up to 32%.