Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch

Quick Summary:

Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million.

Rad Power Bikes, the Seattle-based e-bike startup that has raised more than $300 million from investors, went through another round of layoffs in July, TechCrunch has exclusively learned.

As of June 30, 2024, Aurora had $402 million in cash and cash equivalents and $618 million in short-term investments.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesChina

Topics: Transportation Fundraising Startups Aurora Innovation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 23:38:36 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1378 words

Reading Time: 8 minutes read

Sentences: 61 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21901359

View Article Analysis

About TechCrunch

Main Topics: Technology

Official Website: techcrunch.com

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

Frequently Asked Questions