Summary:
Nuro raised $203 million at a $6 billion valuation in a late-stage funding round with investors including Uber and Nvidia.
Valuation is lower than the 2021 peak of $8.6 billion, reflecting a market shift towards artificial intelligence investments.
The company has pivoted to licensing its Nuro Driver technology for robotaxis, fleets, and personal vehicles.
Key partnerships with Uber and Lucid aim to deploy over 20,000 self-driving SUVs globally starting in 2026.
Nuro's Strategic Funding and Expansion in Self-Driving Technology
Self-driving vehicle startup Nuro has successfully closed a late-stage funding round, raising a total of $203 million at a valuation of $6 billion. This round includes new investors such as Uber and Nvidia, alongside returning backers like T. Rowe Price, Fidelity, and Tiger Global.
The latest tranche of $97 million follows an earlier $106 million announced in April, reflecting strong investor confidence despite a lower valuation compared to the $8.6 billion in 2021. This shift is part of a broader trend where many unicorn startups from the 2021 boom are now securing capital at reduced valuations as market focus shifts towards artificial intelligence.
A Nuro spokesperson noted, "The change reflects broader market conditions, and this is a strong outcome for the current market environment."
Scaling and Partnerships
Nuro has been actively working to scale its self-driving platform and expand commercial partnerships. Founded in 2016, the company has pivoted from delivery robots to licensing its Nuro Driver technology for use in robotaxis, commercial fleets, and personal vehicles.
In a significant move, Nuro has partnered with EV maker Lucid and Uber to launch a global robotaxi service. Uber plans to deploy over 20,000 Lucid Gravity SUVs equipped with Nuro's system across dozens of markets over six years, starting in 2026.
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