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Aurora Driverless Truck Rates Revealed
1 Aug
Summary
- Aurora's TaaS model targets over $2 per mile.
- Driver-as-a-Service subscription aims for $0.85+ per mile.
- Hirschbach plans to integrate 500 autonomous tractors by 2028.
Aurora Innovation reported a second-quarter net loss of $270 million, with revenues reaching $2 million. The company is clarifying the per-mile rates for its two autonomous trucking business models. The Transportation-as-a-Service (TaaS) offering is expected to yield over $2 per mile, while the Driver-as-a-Service (DaaS) subscription model targets $0.85-plus per mile.
Aurora aims to transition its TaaS clients to the DaaS model beginning in 2027. This shift involves customers managing their own fleets while subscribing to Aurora's autonomous driving technology. This strategy is exemplified by an agreement with Hirschbach Motor Lines, which plans to deploy 500 autonomous tractors by 2028.
The company's net loss for the quarter was 14 cents per share. Revenue saw a 100% increase compared to the previous year, attributed to greater utilization, expanded operations, and higher fuel surcharges. The TaaS model represents a full-service offering, contrasting with the subscription-based DaaS model.
