Nuro Secures $203 Million in Funding from Group of Investors

Nuro, Inc. has closed a funding round of $203 million with investors including Pledge Ventures Ltd, Kindred Ventures LLC, Icehouse Ventures, NVIDIA Corporation, Uber Technologies, and Baillie Gifford & Co. The funding brings Nuro's total raised to $2.3 billion. The second and final tranche of $97 million was received on August 21, 2025.

Nuro, Inc., a leading developer of self-driving software for delivery and ride-hailing services, has closed a significant funding round worth $203 million. The round, which includes investors such as Pledge Ventures Ltd., Kindred Ventures LLC, Icehouse Ventures, NVIDIA Corporation, Uber Technologies, and Baillie Gifford & Co., brings Nuro's total funding to $2.3 billion [1].

The funding round, which closed on August 21, 2025, comprises the second and final tranche of $97 million. This investment follows years of technical collaboration between Nuro and NVIDIA, with Nuro utilizing NVIDIA GPUs for large-scale data processing and model training, and its latest compute model built on the NVIDIA Drive AGX Thor platform [1].

The first tranche of $106 million was announced in April, with investment accounts advised by T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN participating [1]. Nuro's Series E post-money valuation stands at $6 billion, representing a 30% drop from its $8.6 billion valuation in 2021 [1].

Over the past four years, Nuro has undergone significant changes, including multiple rounds of layoffs in 2022 and 2023. In 2024, the company shifted its business strategy from owning and operating a fleet of low-speed, on-road delivery bots to licensing its technology to automakers and mobility providers [1]. This pivot has gained traction, with Uber announcing plans to launch a robotaxi service using all-electric Lucid Gravity SUVs equipped with Nuro's self-driving technology [1].

Under the deal, Uber invested $300 million in Lucid and agreed to buy at least 20,000 of the EV maker's Gravity SUVs over the next six years. Additionally, Uber committed to investing an undisclosed "multi-hundred-million dollar" amount into Nuro, with a portion of this investment going towards the Series E round [1].

Nuro co-founder and president Dave Ferguson stated that the company is well-positioned to continue its next phase of growth with the new capital. He noted that Nuro, which employs about 700 people, will focus on delivering new commercial partnerships to realize autonomy at a global scale [1].

References:
[1] https://techcrunch.com/2025/08/21/nvidia-is-latest-investor-to-back-av-startup-nuro-in-203m-funding-round/