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    Aurora’s SPAC merger comes amid self-driving automobile delays

    All of the periods from Remodel 2021 can be found on-demand now. Watch now. Self-driving automobile startup Aurora is able to go public in a reverse merger with Reinvent Know-how Companions Y, a particular acquisition firm (SPAC). The merger will give Aurora an infusion of money to develop autonomous vehicles and, later, self-driving passenger vehicles. Going public just isn’t the norm for firms that don’t have a working and worthwhile enterprise mannequin. What makes Aurora’s reverse IPO much more uncommon is that it comes because the self-driving automobile trade is battling missed deadlines, shuttered tasks, unsettled technical challenges, rising cash-burn … Read More

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