Aurora Innovation Stock Jumps After Volvo-DSV Autonomous Truck Launch in Texas
Volvo Autonomous Solutions and DSV launched commercial autonomous freight runs in Texas using a Volvo VNL truck with Aurora’s driver system, operating between Dallas and Houston with a safety driver on board. Aurora shares rose 15% after the announcement, valuing the company at $16.2 billion. Aurora reported $1 million in Q1 revenue and a $223 million net loss, with $273 million in cash and $952 million in short-term investments as of March 31.