Nuro, a pioneer in autonomous vehicle technology, announced it has secured $106 million in its ongoing Series E funding round, bringing the company’s valuation to $6 billion.
The funding includes participation from both new and returning investors, reinforcing continued confidence in Nuro’s technology and strategic direction. Notable financial backers in this round include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN LP. Details of contributions from strategic partners will be shared in a forthcoming partnerships announcement.
This capital infusion highlights strong investor belief in Nuro’s autonomy platform and its scalable, licensing-based business model. Over the past eight years, Nuro has developed a robust, AI-powered self-driving system and achieved significant milestones—including four years of real-world, driverless deployments in California and Texas. The company remains one of the few in the industry to operate at city scale without a safety driver on board.
Also Read: NEXTIA Unveils High-Output CEPS to Expand Electric Power Steering Capabilities Across Vehicle Segments
Nuro’s technology is designed to be vehicle-agnostic and cost-effective, making it ideal for integration across a wide range of applications—from commercial delivery fleets and robotaxis to future personal vehicles. By focusing on licensing its self-driving software, Nuro empowers automakers, logistics providers, and mobility platforms to embed autonomous capabilities into their own operations and accelerate time to market.
“We’re excited to see strong investor enthusiasm for our Series E,” said Jiajun Zhu, co-founder and CEO of Nuro. “Our technology, years of experience with driver-out Level 4 deployments, and focus on licensing uniquely position us to help automakers, mobility platforms, and commercial fleets accelerate their autonomy roadmaps.”