Nuro has closed a $203 million Series E funding round with new bets from Nvidia, Uber, and others.
The delivery and ride-hailing self-driving startup added $97 million in fresh cash Thursday, led by Nvidia, Icehouse Ventures, Kindred Ventures, and Pledge Ventures. Baillie Gifford also doubled down. Uber chipped in too, as part of a larger pact with Lucid Motors.
Nvidia’s investment follows years of tech work with Nuro, which leans on Nvidia GPUs for data crunching and training. Their latest compute hardware runs on Nvidia’s Drive AGX Thor platform. 
The first $106 million chunk of Series E came in April. Heavy hitters like T. Rowe Price, Fidelity, Tiger Global, and Greylock joined then.
Nuro’s raised $2.3 billion total. Its current valuation: $6 billion, down 30% from the $8.6 billion peak in 2021’s Series D.
The company pivoted big after layoffs and tougher markets. It ditched plans to run its own fleet of low-speed delivery bots this year. Instead, Nuro now licenses its software to automakers and mobility firms.
The fresh direction scored a big win in July when Uber announced plans for robotaxis using Lucid’s all-electric Gravity SUVs with Nuro’s self-driving tech. Uber also put $300 million into Lucid and committed to buying at least 20,000 Gravity SUVs over the next six years.
Uber confirmed it’s investing a “multi-hundred-million dollar” amount in Nuro as part of the Series E round. Sources say Uber’s Nuro bet is bigger than what it put into Lucid. Part of Uber’s cash hit Series E; the rest will be released as Nuro meets milestones.
Nuro co-founder and president Dave Ferguson said the company is ready to grow fast with the new capital.
“We are well-positioned to continue our next phase of growth with the new capital. The company, which employs about 700 people, will focus on delivering new commercial partnerships to realize autonomy at global scale.”
