Overview

• Nuro has raised $106 million in a Series E funding round, bringing its total funding to $2.2 billion and valuing the company at $6 billion, a decrease from its previous $8.6 billion valuation.
• The company has shifted its business model from manufacturing delivery robots to licensing its advanced self-driving technology to automakers, ride-hailing platforms, and commercial fleets.
• Key institutional investors in the latest funding round include T. Rowe Price, Fidelity, Tiger Global Management, Greylock Partners, and XN LP, alongside strategic partners.
• Nuro's technology and experience in Level 4 autonomous vehicle deployments are positioned to accelerate the autonomy roadmaps of major mobility players, according to CEO Jiajun Zhu.
• Strategic partnerships with companies like Uber and Toyota, bolstered by investor Woven Capital, are central to Nuro's market expansion efforts in California, Texas, and beyond.