Transportation

Nuro raises $203M at $6B valuation with Uber and Nvidia backing

Ken Metral

21 Aug 2025 — 1 min read

Credit: Lucid Group, Inc./Nuro, Inc./Uber Technologies, Inc.

Self-driving vehicle startup Nuro has closed its late-stage funding round, raising $203 million at a $6 billion valuation, with backing from new investors Uber and Nvidia alongside returning supporters.

The fresh capital includes a $97 million tranche announced on Thursday, adding to the $106 million secured in April from firms including T. Rowe Price, Fidelity, and Tiger Global.

Lower Valuation Reflects Market Conditions

Nuro’s latest valuation marks a decline from the $8.6 billion peak it achieved in 2021, according to PitchBook data. Like many startups that surged during the 2021 funding boom, the company is raising new capital at lower valuations as investor focus shifts toward artificial intelligence.

“The change reflects broader market conditions and this is a strong outcome for the current market environment,” a Nuro spokesperson said.

Pivot Toward Licensing and Partnerships

Founded in 2016, Nuro initially focused on autonomous delivery robots but has since pivoted to licensing its Nuro Driver technology for use in robotaxis, commercial fleets, and personal vehicles.

The company has been accelerating its efforts to scale its self-driving platform and deepen commercial collaborations. Among its most notable partnerships:

Lucid Motors and Uber: Nuro will provide the autonomous driving system for a global robotaxi service. Uber plans to deploy over 20,000 Lucid Gravity SUVs equipped with Nuro’s technology across dozens of markets over the next six years, beginning in 2026.

Outlook

Despite tighter market conditions, Nuro’s ability to secure funding from major tech and mobility players underscores investor confidence in its long-term potential. As competition intensifies in the autonomous driving space, Nuro’s strategy of combining licensing with high-profile partnerships could prove critical in defining its role in the future of mobility.

Chipotle tests drone delivery with Zipline in Dallas

Chipotle is taking its burritos to new heights—literally. The fast-casual giant announced it is partnering with autonomous drone delivery leader Zipline to pilot food delivery in the greater Dallas area. Beginning Thursday, select customers near a Chipotle location in Rowlett, Texas, will have access to “Zipotle,” an early access

Claire’s strikes $140M private equity buyout, halts closures

Claire’s has hit pause on its planned wave of store closures following an acquisition deal announced Wednesday that could reshape the future of the accessories retailer. The company, which filed for bankruptcy earlier this month, had been preparing to shutter 700 stores and was weighing liquidation of its entire

Group14 raises $463M to expand silicon anode production

Battery materials startup Group14 Technologies announced Wednesday that it has raised $463 million in new funding to scale up its manufacturing operations, underscoring investor confidence in the long-term future of electric vehicles despite recent headlines about slowing demand growth. The company specializes in silicon anode materials, a next-generation alternative to

Meta partners with Silicon Ranch on $100M solar farm for AI center

Meta has signed a $100 million agreement with solar developer Silicon Ranch to build a 100-megawatt solar farm in South Carolina, the companies announced yesterday. The project will supply renewable energy to Meta’s upcoming $800 million AI data center in the state, with both facilities expected to begin operations