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Aurora raises $483M, extending runway to 2026. Plans driverless truck launch in Texas by year-end. Here's how they are tackling trucking industry challenges.
Aurora just secured a massive $483 million in funding. Here's what you need to know:
"This technology can't come soon enough," says Aurora's CEO Chris Urmson.
The company's vision? 24/7/365 driverless trucking to reform supply chains.
"The endorsement from the market continues to validate our progress, path to scale, and the fact we have the most talented team," - Aurora CEO
Aurora's funding boost signals growing confidence in autonomous trucking. With a solid financial foundation and clear vision, the company is poised to transform freight logistics. As driver shortages persist and safety concerns mount, Aurora's tech offers a timely solution. Keep an eye on their driverless truck launch in Texas towards the end of the year– it could be the start of a major shift in how goods can be moved across America.
Source: Aurora
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
Haney and White acquires B.R. Williams, forming BRW. $100M revenue, 300+ employees, targeting $250M by 2030. Aiming to be major player in Southeast logistics.
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