- Companies
- Nuro
Last Nuro valuation
$6B
Series E · Aug 2025
Last Nuro funding round
Strategic investment
Amount undisclosed · Jun 2026
Cumulative funding Nuro raised
$2.3B
across 9 funding rounds
Key investors in Nuro
SoftBank Group
Greylock
Fidelity
T. Rowe Price
Baillie Gifford
Tiger Global
About Nuro
Nuro is an autonomous vehicle company that designs driverless delivery pods for last-mile logistics. Mountain View-headquartered Nuro debuted its R2 and R3 vehicles equipped with the Nuro Driver system for Level 4 autonomy in controlled domains. The firm partners with retailers including Walmart, Kroger, and Domino's Pizza to deploy unmanned deliveries in California, Texas, and Arizona. Founded in 2016 by former Google engineers, Nuro expanded operations through a 2023 collaboration with Uber Eats for grocery transport in select U.S. markets.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$6B (Aug 2025)
Nuro Valuation
Nuro is currently valued at $6B, based on its Series E in August 2025.
The $97M round included Baillie Gifford, NVIDIA, Uber, Icehouse Ventures, Kindred Ventures and 1 other investor.
Nuro's valuation has grown 22x from $270M at its Series A in January 2018 to $6B in August 2025, across 6 priced rounds.
Nuro valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2025 | Series E | $6B |
| Apr 2025 | Series E | $6B |
| Nov 2021 | Series D | $8.6B |
| Nov 2020 | Series C | $5B |
| Feb 2019 | Series B | $2.7B |
| Jan 2018 | Series A | $270M |
Nuro Funding History
Nuro has raised a total of $2.3B across 9 funding rounds.
Nuro's first fundraising round was a $100K Series A in October 2016. The most recent completed round was a strategic investment round in June 2026.
Nuro funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Strategic investment | Uber (lead) | - | - | - |
| May 2026 | Undisclosed stage | KraneShares (lead) | - | - | - |
| Aug 2025 | Series E | Baillie Gifford; NVIDIA; Uber; Icehouse Ventures; Kindred Ventures; Pledge Ventures | $97M | $6B | Nuro, an autonomous vehicle technology company founded in 2016, develops AI-first self-driving software called Nuro Driver, initially focused on zero-occupant delivery vehicles but now shifting to licensing its autonomy tech for robotaxis, commercial fleets, and personal vehicles. The company has raised over $2.3 billion in total funding, including a Series E round totaling $203 million comprising a $106 million initial tranche in April 2025 led by T. Rowe Price Associates, Fidelity Management & Research, Tiger Global, Greylock, and XN, followed by a $97 million extension closed on August 21-22, 2025. Investors in the extension included Uber, Baillie Gifford, Icehouse Ventures, Kindred Ventures, NVIDIA, and Pledge Ventures, with NVIDIA marking its first investment after years of technical collaboration on platforms like DRIVE AGX Thor and GPUs for data processing. The Series E post-money valuation is $6 billion, down from $8.6 billion in 2021 after a $600 million Series D, reflecting broader market trends in autonomous tech amid a funding rebound in 2024 but slowdown in 2022-2023. The new capital supports scaling Nuro's autonomous technology and expanding commercial partnerships, notably a deal with Uber and Lucid to deploy over 20,000 Lucid Gravity SUVs equipped with Nuro's system for a global robotaxi service starting in 2026 over six years. Uber's participation includes a multi-hundred-million dollar commitment, partially allocated to this round with the rest milestone-based. Nuro faced challenges like workforce cuts and strategy pivots but positions itself for growth in the expanding autonomous vehicle market. |
| Apr 2025 | Series E | XN; Fidelity; T. Rowe Price; Tiger Global; Greylock | $106M | $6B | Nuro develops autonomous vehicle technology focused on last-mile delivery of groceries, meals, and packages using driverless robots, but has shifted strategy from building and operating its own delivery fleet to licensing its AI-first self-driving software to partners. The company, founded in 2016 and headquartered in Mountain View, CA, has pivoted amid high manufacturing costs, layoffs, and a focus on commercial partnerships with retailers like Kroger, Walmart, and Domino's, while testing autonomy in California and Texas. In April 2025, Nuro announced a Series E funding round with an initial $106 million tranche at a $6 billion post-money valuation, down from $8.6 billion after its $600 million Series D in November 2021. Investors in this tranche included Fidelity Management & Research Co., T. Rowe Price Associates Inc., Tiger Global Management, Greylock Partners, and XN. The round supports scaling autonomous driving technology, advancing AI advancements, and growing licensing-based go-to-market under a capital-efficient model. By August 2025, Nuro closed the Series E at $203 million total ($97 million additional), maintaining the $6 billion valuation, bringing cumulative funding over $2.3 billion. Funds aim to propel commercial partnerships and global autonomy deployment. Nuro's business model includes delivery fees, revenue-sharing with partners, technology licensing fees tiered by autonomy levels (Driver Assist Level 2++ and Driver Level 4), and potential data monetization from vehicle-collected insights on traffic and consumer behavior. Competitive context involves broader autonomy shifts, with Nuro exploring robotaxis and personally owned AVs as noted in late 2024 reports. |
| Nov 2021 | Series D | Tiger Global (lead); Baillie Gifford; Kroger; Fidelity; SoftBank Group; Gaorong Capital; T. Rowe Price; Woven Capital; Alphabet | $600M | $8.6B | Nuro is an autonomous delivery startup founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, specializing in low-speed electric self-driving vehicles designed for transporting packages and groceries rather than passengers. The company operates a fleet capable of driverless deliveries, partnering with retailers like Kroger for thousands of grocery deliveries and exploring parcel logistics with FedEx. Nuro focuses on commercializing its third-generation vehicle, with plans for a manufacturing facility and test track in Southern Nevada, expected operational in 2022. In its Series D funding round announced around November 2021 (aligned with the February query date context), Nuro raised $600 million led by Tiger Global Management, with participation from new investors Google and Kroger, alongside existing backers including Baillie Gifford, Fidelity Management & Research Company, Gaorong Capital, SoftBank Vision Fund 1, T. Rowe Price Associates, and Woven Capital (Toyota's venture arm). The round valued Nuro at $8.6 billion post-money, a 72% increase from the prior year, bringing total funding raised to over $2 billion. Proceeds were earmarked for hiring, scaling commercial operations, enhancing autonomous driving technology, and expanding production. The funding coincided with strategic partnerships, including a five-year deal with Google Cloud for machine learning, data storage, and simulation workloads to advance Nuro's self-driving software. Investors highlighted Nuro's role in meeting exploding demand for sustainable, low-cost local autonomous delivery amid rising e-commerce. By 2021, Nuro had conducted pilots with Domino's and built infrastructure for broader deployment, positioning it ahead in the autonomous delivery space. Subsequent developments saw challenges, with a later Series E extension raising $106 million at a reduced $6 billion valuation amid workforce cuts and a pivot from delivery vehicles to licensing autonomous software to automakers and fleets. Despite this, the 2021 round underscored strong investor confidence in Nuro's Level 4 driver-out deployments and commercialization potential. |
| Nov 2020 | Series C | T. Rowe Price (lead); Baillie Gifford; Fidelity; SoftBank Group; Greylock | $500M | $5B | Nuro is an autonomous delivery company founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, designing and engineering electric self-driving vehicles like the R2 for transporting goods such as prepared food, groceries, medicine, and retail products without passengers. The company focuses on safe, driverless deliveries on public roads, having achieved milestones like the first federal exemption for an autonomous vehicle from the U.S. DOT and NHTSA, and operating fully autonomously in California, Texas, and Arizona. Nuro partners with major brands including Domino’s, Walmart, Kroger, and CVS, and was making paid public deliveries in Houston at the time. On November 9, 2020, Nuro raised $500 million in a Series C funding round at a post-money valuation of $5 billion, led by funds advised by T. Rowe Price Associates, with participation from new investors Fidelity Management & Research Company and Baillie Gifford, plus existing investors SoftBank Vision Fund 1 and Greylock. This followed a $940 million Series B in February 2019 led by SoftBank at a $2.7 billion valuation, effectively doubling the company's value in 18 months and growing its workforce to over 650 employees. The new capital provides multi-year runway to scale operations in multiple cities, expand delivery services, grow the fleet, and implement R2 into commercial service. The round underscores investor confidence in Nuro's leadership in autonomous goods delivery amid rising consumer demand for contactless local services. Nuro positions itself to accelerate robotics adoption for everyday life, building on advancements like public AV deliveries since 2018 and expanded testing across states. |
| Feb 2019 | Series B | SoftBank Group (lead) | $940M | $2.7B | Nuro, an autonomous delivery robotics company founded by former Google self-driving engineers Dave Ferguson and Jiajun Zhu, raised $940 million from SoftBank Vision Fund in February 2019 at a $2.7 billion valuation. The funding supports expansion of its self-driving delivery service for local goods, including partnerships like Kroger for grocery delivery, and scaling its fleet across California, Texas, and Arizona. By early 2019, Nuro had launched its first unmanned delivery vehicle, completed pilots such as 1,000 deliveries with Kroger, and licensed self-driving technology to Ike for autonomous trucking. The company, with around 300 employees, aimed to grow its team, add partners, and mature its robotics and AI tech for everyday commerce. This round brought Nuro's total funding over $1 billion, following a $92 million Series A from Greylock and Gaorong Capital, positioning it as a leader in driverless last-mile delivery amid rising investor interest in autonomous tech. |
| Jan 2018 | Series A | Gaorong Capital (lead); Greylock (lead); ZhenFund; Ding Lei | $92M | $270M | Nuro is an autonomous delivery technology company founded by former Google engineers, specializing in driverless vehicles designed for last-mile delivery without passengers. In January 2018, Nuro raised $92 million in its Series A funding round led by Gaorong Capital and Greylock, with participation from investors including Ding Lei and ZhenFund. The funds were intended to develop and commercialize autonomous delivery technology and build early prototypes. Subsequent rounds included a $940 million Series B in February 2019 led by SoftBank Vision Fund, a $500 million Series C in November 2020 led by T. Rowe Price, and a $600 million Series D in November 2021 led by Tiger Global Management at an $8.6 billion valuation. Nuro has attracted major investors like Google (Alphabet), Fidelity, and others over time. Total funding raised by Nuro exceeds $2 billion across rounds, with later valuations reaching $8.6 billion in 2021 before dropping to $6 billion in Series E financings in 2025. |
| Oct 2016 | Series A | ZhenFund | $100K | - | - |
Who has invested in Nuro?
19 investors have backed Nuro across its funding rounds, including SoftBank Group, Greylock, Fidelity, T. Rowe Price, Baillie Gifford and Tiger Global.
Lead investors include Uber, KraneShares, Tiger Global, T. Rowe Price, SoftBank Group and 2 other investors.
Nuro Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Nov 2020 | ||
| 3 | Participant | Nov 2020 | ||
| 3 | Lead | Feb 2019 | ||
| 3 | Lead | Nov 2020 | ||
| 3 | Lead | Jan 2018 | ||
| 2 | Participant | Oct 2016 | ||
| 2 | Lead | Aug 2025 | ||
| 2 | Lead | Jan 2018 | ||
| 2 | Lead | Nov 2021 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 19 Nuro investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Nuro
Nuro has acquired 1 company to date.
Last acquisition by Nuro was on December 23rd 2020. Nuro acquired Ike for undisclosed valuation.
Latest Acquisitions by Nuro
| Description | Ike is a San Francisco-headquartered developer of autonomous driving software for commercial trucks. The company creates perception and motion-planning systems that enable safe, hands-free operation on highways, integrating with Peterbilt and International truck models. Ike conducts real-world testing on public roads in Texas and Arizona, accumulating millions of autonomous miles. Founded in 2018, Ike collaborates with carriers like Ryder and conducts pilot programs to deploy its technology in long-haul freight routes across North America. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 23 Dec 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Nuro acquisitions and their M&A valuation multiples. Start Free Trial | |
Nuro Competitors
Nuro competitors include listed companies like UBtech Robotics, Cidi and Kodiak AI, and private ones like Didi Woya, Momenta and Avride.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $5B | - | ||
| Private | $76M | - | $5B | - | ||
| Private | - | - | $2.8B | - | ||
| Publicly listed | $132M | ($155M) | $1.3B | 5.0x | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x |
Nuro Public Comps
Nuro is still privately-owned, but its public comps include Symbotic, Mobileye, UBtech Robotics, Momenta Global, Ondas, Infleqtion, Aptiv, Space42, Cognex and ROKAE Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | ($35M) | 2.0x | 1.6x | (128.5x) | 13.3x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $298M | ($108M) | 16.6x | 9.5x | (45.7x) | (108.4x) | |||
| $360M | ($502M) | 10.5x | - | (7.5x) | - | |||
| $51M | ($127M) | 57.8x | 7.4x | (23.0x) | (31.0x) | |||
| $29M | ($52M) | 92.3x | 64.5x | (50.9x) | (60.0x) | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $577M | $88M | 3.7x | 3.4x | 24.1x | 8.7x | |||
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Common questions about Nuro
| When was Nuro founded? | Nuro was founded in 2016. |
| Where is Nuro headquartered? | Nuro is headquartered in San Francisco, CA, United States. |
| Is Nuro publicly listed? | No, Nuro is a private, VC-backed company. |
| What is Nuro's valuation? | Nuro was last valued at $6B in its Series E in August 2025. |
| How much funding has Nuro raised? | Nuro has raised $2.3B across 9 funding rounds. |
| What was Nuro's last funding round? | Nuro's last funding round was a strategic investment round in June 2026, led by Uber. |
| Who are Nuro's investors? | Nuro's investors include Baillie Gifford, Fidelity, SoftBank Group, T. Rowe Price, Greylock, ZhenFund, Uber, Gaorong Capital, Tiger Global, KraneShares and 9 others. |
| Which companies are comparable to Nuro? | Companies comparable to Nuro include UBtech Robotics, Didi Woya, Momenta, Avride, Cidi and Kodiak AI. |
| How many companies has Nuro acquired? | Nuro has acquired 1 company, including Ike. |
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