PITTSBURGH & DUBUQUE, Iowa--(BUSINESS WIRE)-- Aurora Innovation, Inc. (NASDAQ: AUR) today announced a significant expansion of their strategic partnership with Hirschbach Motor Lines, including a plan for the carrier to own 500 Aurora Driver-powered trucks. The plan is reflected in a memorandum of understanding (MOU) outlining a path to scale with the final commercial terms and timing to be set in binding agreements expected to close later this year. The final deal will enable the carrier to aggressively scale its national network with 500 million driverless miles, while establishing a multi-year revenue stream for Aurora valued in the hundreds of millions of dollars.
"The Aurora Driver will provide consistent 24/7 service to our customers, making it an important growth lever for our business,” said Richard Stocking, CEO of Hirschbach Motor Lines. “But autonomy isn't just a business move – it’s a quality-of-life investment for our people. The Aurora Driver will handle the lengthier, less desirable routes, providing our drivers with greater flexibility. It’s a win-win.”
”When early adopters see the benefits the Aurora Driver delivers for their business and their drivers, they don't just stay the course – they scale quickly,” said Chris Urmson, co-founder and CEO of Aurora. “We’ve been lucky to have such a thoughtful and innovative partner since our early days and we look forward to growing with them. The industry is primed for this product, and our momentum toward meaningful commercial revenue is hitting a new gear.”
Preparing for unprecedented commercial scale (....)