Mountain View-based Nuro has secured $106 million in its ongoing Series E funding round, achieving a valuation of $6 billion. This funding round has attracted new and returning investors, including T. Rowe Price, Fidelity and Tiger Global. The capital will help support Nuro’s continued growth and expansion.
Nuro develops and deploys autonomous vehicle technology for various applications, including commercial fleets, robotaxis and personal vehicles. The company’s technology is designed to be vehicle-agnostic and cost-effective, enabling partnerships with automotive manufacturers and mobility platforms.
Nuro’s platform is the result of over eight years of development and four years of real-world deployments in locations such as California and Texas. The company plans to use its latest funding to scale its AI-based technology platform and expand its commercial partnerships.
