Nuro, an American Physical AI company, has raised $106 million in its ongoing Series E funding round, bringing the company’s valuation to $6 billion. This investment highlights growing confidence from investors in Nuro’s groundbreaking autonomous platform and its strategic, licensing-driven approach to scaling self-driving technology. The Series E round features contributions from major investors, including T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN LP.
Both new and returning investors, alongside strategic partners, have joined in supporting this round. With over eight years of development and four years of real-world deployments, Nuro stands out as one of the few companies that has successfully implemented driverless technology at city scale, all without requiring a safety driver. The company’s vehicle-agnostic, cost-effective technology enables integration across commercial fleets, robotaxis, and personal vehicles, thus creating new opportunities for applying autonomous solutions across various sectors.
Jiajun Zhu, Co-Founder and CEO of Nuro, said, "We're excited to see strong investor enthusiasm for our Series E. 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." This round brings Nuro’s total capital raised to $2.2 billion, and the proceeds will be used to support the company’s next phase of growth, including scaling its AI-driven platform and advancing key commercial partnerships.
