Nuro, an autonomous delivery vehicle (ADV) developer, is reportedly undergoing a restructuring that includes layoffs and a shift in resources from commercial operations toward R&D. The company has not disclosed the number of employees that will be affected by layoffs.

The restructuring plan includes pausing its plans to ramp up commercial operations this year and delaying volume production of its third-gen Nuro bot. The company aims to double its runway by making these changes, allowing the company to operate for an additional three years without needing to raise additional funds.

However, Nuro intends to continue small-scale commercial operations Bay Area, California, and Houston, Texas, for testing and learning with select partners while scaling back or pausing commercial operations. 

The company also noted that its manufacturing facility in Nevada to “build tens of thousands of ADVs” in partnership with BYD North America is still under construction and that the limited alpha third ADVs deployed so far have been built by BYD and assembled and finished at Nuro’s facility in California.

Analyst QuickTake: The restructuring announced today is the third time in less than a year that Nuro has laid off workers to cut costs and extend the capital runway. The first was a part of the company’s business strategy development in July 2022 , which resulted in laying off 10+ employees, and then in November 2022 , when the company laid off 300 employees (20% of its workforce) citing unfavorable economic conditions.