Aurora Innovation (AUR) Investor presentation summary

Strategic positioning and market opportunity

• Holds a leading position as the only company with driverless commercial long-haul trucking operations on U.S. public roads, supported by strong OEM and logistics partnerships and a robust balance sheet.

• Targets the massive U.S. and global trucking markets, valued at ~$1T and ~$4T respectively, with a scalable Driver as a Service (DaaS) business model.

• Strategic partnerships with Volvo, PACCAR, and AUMOVIO enable large-scale commercialization and rapid lane expansion.

• Focuses on addressing industry pain points such as driver shortages, high turnover, hours of service limitations, fuel and insurance costs, and safety.

Technology, product, and operational advancements

• Aurora Driver features superhuman perception, awareness, stamina, and reaction, validated in night and inclement weather operations.

• Multi-modal sensor suite, including proprietary FirstLight Lidar, enables high-confidence detection in challenging conditions and long-range highway driving.

• Virtual Testing Suite allows for rapid, safe, and efficient development, simulating over 125,000 trucks and millions of scenarios.

• In-house hardware development and partnerships with AUMOVIO and NVIDIA support cost reduction, reliability, and scalability.

Commercial progress and scaling roadmap

• Commercial driverless operations launched between Dallas and Houston, with rapid expansion to night and inclement weather driving.

• Network expansion to 10+ driverless lanes, targeting 3.6B+ vehicle miles traveled and key trade routes, including Dallas-Laredo and Fort Worth-Phoenix.

• Customer base includes major logistics players like Uber Freight and Hirschbach, with case studies showing significant revenue and profit growth per truck.

• Plans to exit 2026 with 200+ driverless trucks and an $80M revenue run-rate, transitioning to a capital-efficient DaaS model in 2027.