Shulou(Shulou.com)11/24 Report--

CTOnews.com, July 21 (Xinhua)-- Aurora Innovation, a start-up company for self-driving trucks, has announced that it is selling shares worth $820 million (about 5.882 billion yuan). The company is expected to complete the deal on Saturday, Beijing time, and the funds will be used to support the commercial landing of the company's self-driving trucks, foreign media techcrunch reported.

It is reported that Aurora Innovation plans to launch a self-driving truck business in 2024. Aurora said in November 2022 that the company already has enough funds to support until mid-2024, and that the stock sale will help the company achieve its goal of landing trucks next year, and will provide sufficient funds to support the company's operation until 2025.

Chris Urmson, CEO of ▲ Touyuan techcrunch, Aurora Innovation, said in a leaked memo in September 2022 that he had been considering a series of measures to maintain the company's cash flow. Rachel Chibidakis, a spokesman for the company, said in an interview a few days ago: "We have been promoting the stable operation of the company's funds in a transparent way, and this large-scale financing plan is expected to continue our self-driving truck business until 2025."

According to ▲ Aurora Innovation website CTOnews.com, Aurora Innovation mainly focuses on commercial self-driving trucks and has established partnerships with logistics companies such as FedEx, Paccar, Schneider, Werner and Xpress. Aurora Innovation has previously said it will operate a fleet between Dallas and Houston to provide driverless cargo transport services after it is officially commercialized in 2024.

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