Aurora Innovation (AUR) Investor presentation summary

Strategic positioning and market opportunity

• Holds a leading position in autonomous trucking with regular driverless commercial long-haul operations on U.S. public roads.

• Trucking represents a $1 trillion U.S. and $4 trillion global market, offering significant value potential.

• Strategic partnerships with top OEMs and logistics companies enable commercialization at scale.

• Strong balance sheet and liquidity support the path to positive free cash flow.

• Driver as a Service (DaaS) business model aims for capital-efficient shareholder value creation.

Technology and product development

• Aurora Driver 2 integrates new software, second-generation hardware, and a new driverless truck platform.

• Proprietary FirstLight Lidar offers superhuman perception, especially in low light and adverse weather.

• Multi-modal sensor suite (lidar, radar, camera) enhances safety and reliability.

• In-house lidar development enables rapid iteration, supply assurance, and cost reduction.

• Virtual Testing Suite allows large-scale simulation, improving safety and development speed.

Commercialization and scaling

• Expanded driverless cohort to nine customers, with most 2026 revenue expected from operations between customer facilities.

• Multi-year agreement with Hirschbach to scale to 500 autonomous trucks, with deliveries starting in 2027.

• Network expansion to 12 routes, targeting high-volume freight corridors and international gateways.

• Anticipates over 200 driverless trucks and $80M revenue run-rate by end of 2026.

• Transitioning from TaaS to DaaS model in 2027, with DaaS expected to dominate sales mix.