EDGE
  • home.svg
    Home
  • news.svg
    All updates
  • news.svg
    EDGE Insights
  • list.svg
    Industries
  • db-search.svg
    Company Search
  • company-list.svg
    My Watchlists (Beta)
All Updates

All Updates

icon
Filter
Funding
Aurora Innovation to go public via a SPAC merger
Truck Industry Tech
Jul 15, 2021
This week:
Funding
EKORE raises EUR 1.3 million (~ USD 1 million) in seed funding to strengthen platform
Digital Twin
Yesterday
Funding
Culina Health raises USD 7.9 million in Series A funding to expand offerings and expand team
Functional Nutrition
Dec 19, 2024
FDA approval
ViGeneron receives IND clearance for VG801 gene therapy
Cell & Gene Therapy
Dec 19, 2024
Product updates
Reflex Aerospace ships first commercial satellite SIGI
Next-gen Satellites
Dec 19, 2024
Partnerships
Vast partners with SpaceX for two private astronaut missions to ISS
Space Travel and Exploration Tech
Dec 19, 2024
Management news
Carbios appoints Philippe Pouletty as interim CEO amid plant delay
Waste Recovery & Management Tech
Dec 19, 2024
Funding
BlueQubit raises USD 10 million in seed funding to develop quantum platform
Quantum Computing
Dec 19, 2024
FDA approval
Arbor Biotechnologies receives FDA clearance for ABO-101 IND application
Human Gene Editing
Dec 19, 2024
Funding
‧
Partnerships
Personalis partners with Merck and Moderna for cancer therapy development and investment
Precision Medicine
Dec 19, 2024
Partnerships
COTA partners with Guardant Health to develop clinicogenomic data solutions for cancer research
Precision Medicine
Dec 19, 2024
Truck Industry Tech

Truck Industry Tech

View industry hub
Jul 15, 2021

Aurora Innovation to go public via a SPAC merger

Funding

  • Aurora Innovation, an autonomous vehicle technology startup, has announced plans to go public via a special purpose acquisition company (SPAC), Reinvent Technology Partners Y.

  • The deal’s financial terms have not been officially disclosed yet; however, as per TechCrunch in early June, Aurora could be valued at close to USD 12 billion.

  • Reinvent Technology Partners Y is a blank check company led by executives, including LinkedIn co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus, that raised USD 978 million in a March IPO. Other Reinvent SPAC deals include mergers with flying taxi startup Joby Aviation (February 2021) and insurance technology platform Hippo (March 2021).

  • Aurora develops self-driving technology, dubbed “Aurora Driver,” using Peterbilt class-8 trucks and Chrysler Pacifica minivans. The vehicles were tested on commercial routes for package delivery in Texas. The company also has partnerships with Paccar and Volvo to develop and deploy autonomous trucks. In addition, Aurora develops its own LiDAR sensor system unveiled in mid-2020, “FirstLight Lidar,” to be integrated into its Aurora Driver technology.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.