Aurora Innovation is forging ahead with its self-driving truck efforts at a time most other competitors are scaling back or curtailing their plans.
The company added $853 million to its coffers in July, executives said Wednesday during a second-quarter earnings call. That's $33 million more than they announced two weeks ago.
The increase arises from underwriters exercising an option to purchase additional shares within 30 days of the initial offering, Aurora CEO Chris Urmson said.
With the capital infusion, Aurora expects to have $1.6 billion to carry the company through its planned commercial launch at the end of 2024 and into the second half of 2025, he said.
In its report, the company said it narrowed its net loss for the second quarter to $218 million compared with a loss of $1.1 billion in the same quarter last year. It didn't report revenue for the quarter vs. $21 million last year.