Self-driving startup Aurora will raise $2 billion in SPAC merger
The Verge
JULY 15, 2021
The deal will give Aurora about $2 billion in new cash when it closes, which will help the startup in its quest to become a provider of self-driving hardware and software to companies in the trucking and ride-hailing industries. Aurora expects to lose money until at least 2027, which is why the SPAC merger is crucial.
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