Fiat Chrysler agrees on self-driving vehicle technology deal

Lloyd Doyle
June 13, 2019

The self-driving startup said its Aurora Driver technology has been integrated into six vehicle platforms from sedans, SUVs, mini-vans to large commercial vehicles and trucks.

For the record, Aurora had secured $350 million by investors, including Amazon in February this year.

A pioneer in the autonomous field, Aurora employs over 200 at offices in Pittsburgh, Palo Alto and San Francisco. The agreement has been announced soon after Fiat Chrysler broke off talks with Renault for a possible collaboration. Enthusiasm cooled after an Uber test vehicle struck and killed a pedestrian past year. "Aurora brings a unique skill set combination with advanced and purposeful technology that complements and enhances our approach to self driving".

The company is among dozens of startups, automakers and large technology companies working on self-driving auto systems, eager to capitalize on a sea change in the transportation industry brought by developments in machine learning.

What is clear is that Fiat Chrysler has needed help when it comes to autonomous technology.

The partnership would not affect FCA's deal to provide hybrid Chrysler minivans to Waymo, the autonomous vehicle spinoff from Google.

Neither FCA nor Aurora would discuss specific details of their new alliance, including any financial arrangements.

The funding round led by Silicon Valley venture capital powerhouse Sequoia reportedly valued the startup launched just two years ago at more than $2.5 billion.

According to sources, Aurora is working on the development of both hardware and software that enables a auto to drive itself.

Precisely what those vehicles will be isn't clear, but the dozens of automakers and research firms exploring autonomous technology see a number of possible options.

"We are thrilled to forge a partnership with FCA US to develop a meaningful business model for delivering the benefits of self-driving commercial vehicles", said Sterling Anderson, Aurora co-founder and chief product officer.

Other reports by Iphone Fresh

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