<div>
 <ul>
 <li>
 
 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&amp;D. The company has not disclosed the number of employees that will be affected by layoffs.
 
 </li>
 <li>
 
 The restructuring plan includes pausing its plans to ramp up commercial operations this year and delaying volume production of its 
 <a href="https://sp-edge.com/updates/7751">
 third-gen Nuro bot.
 </a>
 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.
 
 </li>
 <li>
 
 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.&nbsp;
 
 </li>
 <li>
 
 The company also noted that its 
 <a href="https://sp-edge.com/updates/4889">
 manufacturing facility in Nevada
 </a>
 to &ldquo;build tens of thousands of ADVs&rdquo; 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&rsquo;s facility in California.
 
 </li>
 <li>
 
 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&rsquo;s business strategy development 
 <a href="https://sp-edge.com/updates/11591">
 in July 2022
 </a>
 , which resulted in laying off 10+ employees, and then in 
 <a href="https://sp-edge.com/updates/14788">
 November 2022
 </a>
 , when the company laid off 300 employees (20% of its workforce) citing unfavorable economic conditions.
 
 </li>
 </ul>
 
 
</div>

<div>
 
 <a href="https://techcrunch.com/2023/05/10/autonomous-delivery-startup-nuro-to-restructure-pause-commercial-expansion/">
 TechCrunch
 </a>
 
 
 <a href="https://www.theverge.com/2023/5/10/23718505/nuro-layoffs-pause-commercial-operations-robot-delivery">
 The Verge
 </a>
 
 
 
</div>

Last-mile Delivery Automation

Nuro announces restructuring and layoffs; will shift focus from commercial operations to R&D

Nuro lays off 20% of its workforce

Nuro partners with Uber Eats for autonomous food deliveries

Nuro lays off 10+ employees in Houston, Mountain View, and Phoenix

Nuro unveils third-gen autonomous delivery vehicle; expands Kroger partnership

Nuro pairs with 7-Eleven to pilot autonomous deliveries in California

ANALYST_QUICK_TAKE

DISRUPTOR_PRESENT

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

Autonomous delivery vehicle startup, Nuro, has secured $600 million in a Series D funding round. The round was led by Tiger Global Management and included participation from Google, Toyota Motor Corp’s Woven Capital, SoftBank Vision Fund 1, and Kroger. This funding brings Nuro's valuation to $8.6 billion, up from $5 billion a year ago, and brings its total funds raised to $2.1 billion. The company plans to use the funds to expand nationwide and increase production of its third-generation ADV. Nuro has also announced a partnership with Google Cloud to support its self-driving simulations and data management. Analyst QuickTake: Nuro is a pioneer in the last-mile delivery automation space and is by far the highest funded private company in the industry (followed by drone-based delivery service provider Zipline’s USD 483 million funding). Today, Google joins several major brands such as Kroger, Walmart, and FedEx, to have partnered with or invested in Nuro, despite Google’s involvement in the ADV space via its own autonomous vehicle arm Waymo. Interestingly, both of Nuro’s co-founders have previously worked with Google’s self-driving car project (later spun off as Waymo) before establishing Nuro.

Nuro raises USD 600 million in Series D funding; partners with Google

Walmart launches delivery-as-a-service in partnership with autonomous delivery service providers

Nuro to invest USD 40 million on Nevada production and testing facility

All Updates