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.

• Targets a massive U.S. trucking market valued at ~$1 trillion, with global logistics at ~$4 trillion.

• Strategic partnerships with top OEMs (Volvo, PACCAR) and suppliers (AUMOVIO, NVIDIA) enable scalable commercialization.

• Business model transition from TaaS to DaaS aims for capital efficiency and high-margin growth.

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

Technology and product development

• Aurora Driver features superhuman perception, awareness, stamina, and reaction, enhancing safety and efficiency.

• Proprietary FirstLight Lidar and multi-modal sensor suite provide superior detection in challenging conditions.

• In-house development of long-range lidar and AI ensures rapid iteration, reliability, and regulatory transparency.

• Virtual Testing Suite enables large-scale simulation, reducing on-road testing needs and accelerating development.

• Over 2,000 awarded and pending patents cover key hardware and software innovations.

Commercialization and scaling

• Expanded driverless cohort to seven customers, with majority of 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 driverless routes, including high-volume corridors and international gateways.

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

• Transition to DaaS model in 2027, with customers assuming asset ownership and Aurora providing technology and support.