• Aurora Innovation, an autonomous vehicle technology startup, reported its Q2 2022 results today, highlighting the extension of its partner ecosystem, continued advancement in technology and existing OEM partnerships, and critical milestones in relation to its self-driving technology “Aurora Driver,” which powers both its autonomous trucks and cars.

• The company reported collaboration revenue of USD 2.7 million in Q2 2022 (vs. zero revenue in Q2 2021), arising as a result of its ride-hailing product development partnership with Toyota. Aurora reported a loss of USD 1.2 billion from operations in Q2 2022—up 6.6x YoY due to a USD 1 billion goodwill impairment during the quarter.

<ul><li>During Q2, Aurora reportedly doubled its commercial miles across all its pilots and lanes operating a fleet of 20 trucks, with plans to scale the loads hauled in its pilots in 2H 2022. The company also expanded its commercial operations with FedEx (May 2022) and launched new pilots with Werner Enterprises (April 2022) and Schneider National (August 2022) recently.</ul>

• Aurora released Aurora Driver Beta 3.0 during the quarter, with advancements including complex and safer navigation. The company plans to further improve the technology for the rest of the year and through Q1 2023 to have the system feature complete by end of Q1 next year.

• The company also noted its continued progress with Paccar and Volvo Trucks in relation to developing scalable truck platforms to outfit its autonomous technology. The company expects platform deliveries in 1H 2024 and now plans to release the Aurora Driver integrated version by the end of 2024—pushing back its initial plan to launch commercial trucking services in 2023, owing to supply chain constraints.