New backers participate in Nuro's Series C investment round
In a significant move for the autonomous delivery industry, Nuro, a leading startup specialising in self-driving vehicles, has announced the expansion of its Series C funding round to a total of $500 million. This round, which was initially raised in November 2021, saw participation from established technology investors such as T. Rowe Price and Tiger Global.
The latest funding, secured in June 2025, is set to bolster Nuro's commercialization and scaling of its local delivery product. The funds will be primarily used to further develop the company's autonomous technology, expand production, and build partnerships with retailers and logistics companies.
Notable new investors in the expanded Series C round include Woven Capital, a growth stage fund from Toyota subsidiary Woven Planet, Chipotle, and Fidelity Management & Research Company. Existing investors SoftBank Vision Fund 1 and Greylock also contributed to the round.
The National Highway Traffic Safety Administration temporarily exempted Nuro from certain federal requirements for low-speed vehicles in February 2020, and at the end of last year, the California Department of Motor Vehicles granted Nuro a permit to use its autonomous vehicles on public streets. These regulatory approvals pave the way for Nuro to move forward with its autonomous vehicle deliveries across various regions.
Nuro's autonomous delivery services have already been trialled with major retailers such as CVS and Walmart. CVS partnered with Nuro to pilot prescription deliveries in Houston, while Walmart has launched autonomous deliveries in Houston, Bentonville, Arkansas, and Scottsdale, Arizona, in collaboration with Nuro, Gatik, and Cruise, respectively.
Dave Ferguson, Nuro's co-founder and president, expressed his gratitude for the support from the new investors, stating that it will be a significant boost as Nuro continues to commercialise and scale its local delivery product. The company also plans to hire more employees and grow its delivery service to meet the increasing demand for efficient and contactless delivery solutions.
The latest funding round underscores investors' belief in Nuro's vision for autonomous delivery, as the company continues to make strides in revolutionising the way goods are transported. As Nuro moves forward, it is poised to reshape the delivery landscape, offering faster, safer, and more cost-effective solutions for consumers and businesses alike.
- The latest funding, secured in June 2025, will be utilized to further develop Nuro's autonomous technology, a key aspect in the company's plans to reshape the delivery landscape.
- The expansion of Nuro's Series C funding round, now totaling $500 million, includes investments from institutions like Woven Capital, Chipotle, and Fidelity Management & Research Company, demonstrating confidence in Nuro's autonomous delivery vision.
- Nuro's autonomous delivery services, trialled with major retailers such as CVS and Walmart, are expected to grow, thanks to the company's plans to hire more employees and meet the increasing demand for efficient, contactless delivery solutions.
- As Nuro's commercialization and scaling of its local delivery product progress, the company will leverage its technology to form partnerships with retailers and logistics companies, aiming to offer faster, safer, and more cost-effective solutions in the shifting business environment.
