Overview

• The round reached $203 million after a new $97 million tranche, following an initial $106 million announced in April with investors including T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN.
• New backers include Nvidia alongside Uber, whose participation ties into a broader commercial pathway with Lucid and is partly structured for milestone-based disbursements.
• Uber plans to deploy more than 20,000 Lucid Gravity SUVs with Nuro’s system across dozens of markets over six years starting in 2026.
• The $6 billion post-money valuation is roughly 30% below Nuro’s 2021 valuation of $8.6 billion, reflecting a broader reset in autonomous-vehicle funding.
• Nuro says it has raised about $2.3 billion to date and uses Nvidia GPUs and the Drive AGX Thor platform for data processing, model training, and in-vehicle compute.