Nuro secures $203 million in a Series E funding round, raising its valuation to $6 billion
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Nuro Inc., a self-driving vehicle startup, has secured $203 million in a Series E funding round, raising its current valuation to $6 billion. The latest round attracted both new and returning investors, including Baillie Gifford. The latest financing round follows the April $106 million portion, reflecting renewed investor confidence in the autonomous vehicle industry. Nvidia and Uber joined the latest series as new backers, along with Icehouse Ventures, Kindred Ventures, and Pledge Ventures. Baillie Gifford contributed $70 million again for returning investors, including T. Rowe Price, Fidelity Management & Research firm, and Tiger Global. Nuro’s total funding stands at $2.3 billion, with $ 6 billion valuation Nuro Inc. was founded in 2016 by two former Google employees, Dave Ferguson and Jiajun Zhu, who worked on the self-driving project now known as Waymo. The company initially delivered autonomous robots for delivery services, but later in 2024, it pivoted to licensing its Nuro Driver platform to automakers. It partnered with ride-hailing services and commercial fleets, moving away from delivery robots. More Nuro news! We’ve closed a $203M Series E funding round including our robotaxi partner @Uber, returning investor @BaillieGifford, and new investors @IcehouseVenture, @KindredVentures, @nvidia, and Pledge Ventures. Find out more: https://t.co/XcwpajEshn#NuroDriver… pic.twitter.com/DPBQEAQ0eD — Nuro (@nuro) August 21, 2025 The self-driving company has navigated through market challenges since 2022, including layoffs in 2022 and 2023, when investors briefly lost interest in self-driving car technology. Despite the setbacks, it has expanded its technology platform from a level 2 driver-assisted technology to level 4 capabilities currently. That means the technology can now allow the vehicle to handle most driving situations without human intervention unless the system encounters situations beyond its control. The autonomous vehicle technology company partnered with Uber and Lucid to deliver a global robotaxi service last month. According to the partnership details,…
Filed under: News - @ August 21, 2025 8:29 pm