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Nuro

Last-mile Delivery Automation
Truck Industry Tech
Segments:
ADVs
?
Product stage:
Early
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Nuro is an autonomous delivery company co-founded by two ex-Google, self-driving engineers. It develops both autonomous driving software (Nuro Driver) and its own unique, all-electric ADV. Nuro received permission from the California Department of Motor Vehicles (DMV) to commence commercial autonomous deliveries in December 2020 (the first company to obtain the approval). The company unveiled its third-generation production-scale ADV “Nuro R3” in January 2022, after the first (R1) and second-generation (R2) vehicles were introduced in 2018 and February 2020, respectively. The Nuro R3 can carry a payload of roughly 500 lbs, traveling at a maximum speed of 45 mph, and comes with customizable storage and temperature-controlled compartments. It is also equipped with external airbags, LiDAR, radars, cameras, thermal cameras for a 360-degree view, and machine-learning-based software.

As of February 2024, the company was in the process of building a manufacturing and test facility in Nevada to mass produce its vehicles and had operations in San Francisco (California) and Houston (Texas). The company’s business model involves charging a fee per delivery.

The company also went through several structural changes including shifting resources from commercial operations toward R&D (May 2023) and layoffs (July and November 2022).

Key customers and partnerships

Nuro has deployed its ADVs in partnership with parties including FedEx, Uber, Kroger, Walmart, 7-Eleven, and Domino's.

Nuro’s product partners include chip designer Arm Holdings (for evidenced-based technological enhancements; February 2024); Foretellix, a provider of advanced driving assistance and autonomous vehicle safety testing solutions (to test Nuro’s systems virtually; January 2024); and BYD, the North American division of the Chinese electric vehicle manufacturer (to manufacture ADVs; January 2022).

Funding and financials

In November 2021, Nuro raised USD 600 million in a Series D funding round led by Tiger Global Management at a valuation of USD 8.6 billion to commercialize its offering nationwide and scale production.


Last-mile Delivery Automation

Last-mile Delivery Automation

Key stats
Featured companies
70
Total funding (USD)
4.9 Bn
Total addressable market (USD)
13.3 Bn
Key competitors
 
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Recent Updates

Partnerships
Feb 22, 2024
Nuro partners with Arm to develop third-generation autonomous delivery vehicles
Last-mile Delivery Automation
Partnerships
Jan 4, 2024
Nuro partners with Foretellix for virtual testing of autonomous driving system
Last-mile Delivery Automation
Management news
May 10, 2023
Nuro announces restructuring and layoffs; will shift focus from commercial operations to R&D
Last-mile Delivery Automation
Management news
Nov 18, 2022
Nuro lays off 20% of its workforce
Last-mile Delivery Automation
Partnerships
Sep 8, 2022
Nuro partners with Uber Eats for autonomous food deliveries
Last-mile Delivery Automation
Partnerships
Management news
Jul 13, 2022
Nuro lays off 10+ employees in Houston, Mountain View, and Phoenix
Last-mile Delivery Automation

Company Brief


HQ location:
1300 Terra Bella Ave Ste 100 Mountain View CA USA
Founded year:
2016
Employees:
1,001-5,000
Total Funding:
USD 2.1 billion

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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