«  View All Posts

Hyundai and Kia invest in Aurora

Ecosystem | June 12, 2019 | 1 min. read

By the Aurora Team

Partnership continues development on self-driving platforms and services powered by the Aurora Driver.

Today we’re pleased to announce that our existing partner Hyundai Motor Group, which includes Hyundai Motor Company and Kia Motors Corporation, has invested in Aurora as part of our Series B financing round. We’ve now raised more than $600 million as part of our Series B financing, putting us in a strong position to accelerate the development of the Aurora Driver, strengthen our team, and acquire cutting-edge technology.

We’ve been working with Hyundai and Kia for the last year to develop the Aurora Driver’s integration into Hyundai’s flagship fuel cell vehicle NEXO. Continuing our partnership, we will expand research and development of a self-driving platform for a wide range of Hyundai and Kia’s models.

“We are pleased with the progress made with the Hyundai and Kia teams,” said Sterling Anderson, Co-founder and Chief Product Officer of Aurora. “Together with all of our ecosystem partners, we are seeing the convergence of a powerful platform that will deliver the benefits of self-driving technology safely, quickly, and broadly.”

“Aurora is the leading innovator of self-driving technology and we look forward to building a stronger collaborative partnership with them,” said Youngcho Chi, President and Chief Innovation Officer at Hyundai Motor Group. “Working closely with industry leaders around the world will help us develop fully self-driving vehicles that are safe and innovative for our customers.”

As we’ve built the foundation for delivering self-driving technology safely, quickly, and broadly, our strategic partnerships with players across the transportation ecosystem—including auto manufacturers, suppliers, and transportation networks—have been incredibly valuable for the development of the Aurora Driver. Earlier this week, we announced a collaboration with FCA US. We’re excited to enter this next phase with our partners as we bring the Aurora Driver to life across vehicle platforms.

the Aurora Team

Delivering the benefits of self-driving technology safely, quickly, and broadly.