Aurora co-founder Sterling Anderson leaves self-driving truck startup

Sterling Anderson, a freshman in the self-driving car industry and co-founder of Aurora, resigned a week after the company launched its commercial self-driving truck service in Texas.

Anderson holds the position of Chief Product Officer of Aurora. The resignation was released in regulatory filings along with the company's first-quarter earnings report. His resignation will take effect on June 1. He will leave the board of directors on August 31.

In the filing, the company said his resignation from the board was “not due to any disagreement with the company regarding any matter related to its operations, policies or practices. The company and the board of directors throughout are deeply grateful for Mr. Anderson’s services and his tremendous contribution to the company, who is his tremendous contribution as Founder, Chief Product Officer and Board member.”

Anderson could not be contacted for comment.

Anderson left co-founded Aurora in 2017 with CEO Chris Urmson, director of Tesla’s autonomous driving program, former head of Google’s autonomous driving program, and Drew Bagnell, who leads Uber’s autonomous and perception team. The trio, considered pioneers in the autonomous vehicle industry, gave Aurora instant buzz, helping it attract high-profile investors such as Sequoia Capital, Amazon and T. Rowe Price Associates, as well as a range of partnerships.

Aurora reached an agreement with Uber in December 2020 to purchase autonomous driving units of ride-hailing companies under a complex agreement that estimates the merged company to $10 billion, thus gaining more cache. Under the terms of the acquisition, Aurora does not pay cash for Uber ATG, a $7.25 billion company that made $1 billion investments from Toyota, Denso and Softbank’s Vision Fund in 2019. Instead, Uber handed over ATG's interest and invested $400 million in Aurora. Uber acquired a 26% stake in the combined company, according to filings with the Securities and Exchange Commission.

Within four years, the company transformed from a Buzzy startup into a publicly traded company through a merger with a special purpose acquisition company.

Aurora is a deep tech company that is still developing and stable revenue, facing headwinds since its publication in 2021. The company focused its energy on self-driving trucks, putting other projects like Robotaxis on the side.

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Later last month, Aurora announced the successful launch of an autonomous truck service in Texas, just screaming before its own deadline.