Silicon Valley-based Aurora is on course for a Wall Street debut by merging with Reinvent Technology Partners Y, a specific acquisition company formed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.
"We believe Aurora will be the first to commercialize self-driving technology at scale for the US trucking and passenger transportation markets based on its industry-leading team, technology and partnerships," Pincus said in a release. Aurora was established in 2017 by industry veterans who had done stints at Google, Tesla and Uber. Its backers include e-commerce colossus Amazon, Fiat Chrysler, and South Korean carmaker Hyundai.
"By combining with Reinvent and with this incredible group of investors, we are even closer to deploying self-driving vehicles and delivering the benefits this technology offers the world."
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