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Nuro, a pioneer in autonomous driving technology, has reached a major milestone with its latest funding announcement. The company has secured $106 million in its ongoing Series E funding round, valuing Nuro at an impressive $6 billion. This round brings together new and returning investors, along with strategic partners, signaling strong belief in Nuro’s innovative approach to self-driving technology and its licensing-focused business model.
Key Highlights
- Funding Milestone: Nuro has raised $106 million in its Series E round.
- Valuation: The company is now valued at $6 billion.
- Investors: Participants include T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN LP.
- Strategic Partners: More details on strategic investors will be revealed soon.
- Business Model: Nuro licenses its cost-effective, vehicle-agnostic autonomous technology.
- Proven Track Record: Over eight years of development and four years of driverless operations in California and Texas.
The Series E funding pushes Nuro’s total capital raised to $2.2 billion, reinforcing its leadership in the autonomous driving industry. Notable investors like T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN LP have joined the round, with strategic partners also contributing—though their identities will be shared later.
Nuro stands out by licensing its AI-driven technology rather than operating its own vehicles. This flexible, vehicle-agnostic system can be integrated into commercial fleets, robotaxis, and even personal cars, offering a scalable and affordable solution. With over eight years of development and four years of real-world, driverless deployments in California and Texas, Nuro has proven its technology works at scale without safety drivers—a rare achievement in the industry.
CEO Jiajun Zhu shared his excitement, saying, “We’re thrilled by the investor enthusiasm for our Series E. Our technology, experience with Level 4 deployments, and licensing focus position us to help automakers, mobility platforms, and fleets advance their autonomy goals.” This funding will fuel Nuro’s efforts to expand its AI platform and strengthen commercial partnerships.
Founded in 2016, Nuro develops two key products: Nuro Driver™ (Level 4) for full autonomy and Nuro Driver™ Assist (Level 2++) for enhanced driver support. Both combine advanced hardware and software, aiming to make autonomy accessible across various vehicle types. As Nuro grows, more Series E details will emerge in the coming weeks.
Visit https://www.nuro.ai/ for more information.
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