Nuro

Transportation

Founded: 2016

Last Round Valuation: $8.64B

Nuro, established in 2016 by Jiajun Zhu and Dave Ferguson, is a pioneering company specializing in autonomous delivery through the use of robotics. Their fleet consists of fully autonomous vehicles designed for on-road operation, enabling the efficient and secure delivery of various everyday goods, including groceries, pizza, and prescriptions. Nuro's paramount focus lies in ensuring speed, affordability, and, above all, safety in their delivery services. Their cutting-edge second-generation self-driving vehicle, known as R2, boasts a design free from traditional features such as a steering wheel, side view mirrors, and pedals. Headquartered in Mountain View, CA, Nuro remains at the forefront of advancing autonomous delivery technology.

Nuro Overview:

Nuro, founded in 2016 by Jiajun Zhu and Dave Ferguson, is a leading provider of autonomous delivery services using robotics. The company is dedicated to revolutionizing the way goods are transported and delivered by leveraging advanced technologies and innovative vehicle designs.

At its core, Nuro aims to provide a seamless and efficient delivery experience for consumers. The company's fleet consists of fully autonomous vehicles specifically designed for on-road operation. These vehicles are capable of safely navigating urban environments, delivering a wide range of everyday goods directly to customers' doorsteps.

Nuro's autonomous delivery service offers a convenient solution for various industries, including groceries, food delivery, and pharmaceuticals. By leveraging robotics and self-driving technology, Nuro aims to streamline and optimize the last-mile delivery process, improving speed, cost-effectiveness, and overall customer satisfaction.

A notable aspect of Nuro's approach is the development of fully occupantless vehicles. Their second-generation self-driving vehicle, called R2, is a compact and purpose-built vehicle that lacks traditional features like a steering wheel, side view mirrors, and pedals. This design allows Nuro's vehicles to focus entirely on the task of efficient and safe delivery, without the need for human drivers.

Safety is of paramount importance to Nuro. The company invests heavily in advanced sensor technologies, artificial intelligence algorithms, and rigorous testing protocols to ensure the safe operation of its autonomous vehicles. Nuro's vehicles are equipped with an array of sensors, including lidar, radar, and cameras, to perceive their surroundings and make real-time decisions to navigate complex traffic situations.

Nuro's commitment to safety extends beyond the vehicles themselves. The company actively collaborates with regulatory agencies, policymakers, and local communities to ensure compliance with regulations and to foster a safe and responsible deployment of autonomous delivery services.

Headquartered in Mountain View, California, Nuro has established partnerships with leading companies in various industries to bring its autonomous delivery vision to life. By working with grocery chains, restaurants, and pharmacies, Nuro is able to offer its services to a wide range of customers, addressing the growing demand for efficient and contactless delivery options.

As an industry leader, Nuro continues to push the boundaries of autonomous delivery technology. The company invests in research and development to enhance the capabilities of its vehicles, improve operational efficiency, and expand its service coverage. Nuro's innovative approach has garnered recognition and support from investors and industry experts, further solidifying its position as a trailblazer in autonomous delivery.

In summary, Nuro is a pioneering company that is transforming the delivery landscape through autonomous robotics. With its fleet of fully autonomous vehicles and occupantless designs, Nuro aims to provide quick, affordable, and safe delivery services for everyday goods. Through advanced technologies, a commitment to safety, and strategic partnerships, Nuro is shaping the future of autonomous delivery and revolutionizing the way goods are transported and delivered to consumers.

Founders:

  • Jiajun Zhu

  • Dave Ferguson

Top Investors:

  • Tiger Global Management

  • Baillie Gifford

  • Fidelity

  • T. Rowe Price

  • SoftBank Group

  • Banyan Capital

  • Greylock Partners

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Nov 2021 Series D $625MM $2.02B $20.85 $8.64B Tiger Global Management, Baillie Gifford, Fidelity
Mar 2021 Series C $505MM $1.4B $13.05 $4.95B T. Rowe Price, Fidelity, Baillie Gifford
Feb 2019 Series B $800MM $892MM $8.25 $2.27B SoftBank Group
Jun 2017 Series A $42MM $42MM $1.00 $259.6MM Banyan Capital, Greylock Partners
Jun 2017 Series A-1 $50MM $50MM $1.90 $259.6MM Banyan Capital, Greylock Partners

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