Balita

Autonomous driving start-up raises $530m

The investment was made at a compsny valuation of $2.5 billion,

Last year the company raised $90 million.

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Aurora is focussed on Level 4 autonomous driving which means driverless in metropolitan areas.


The target market for Level 4 is urban taxis.

Level 4 is anticipated in the early to middle 2020s.

“We have been very clear this is not a quick thing,” says Aurora CEO Chris Urmson, “it takes a while to see a payoff but when it does, it’s pretty powerful.”

Aurora says it already generating revenues through technology partnerships with VW, Hyundai and Byton.

It is said that VW has already made an offer to buy Aurora.