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About Nuro
Industries
Robotics & Automation
Automotive & Transportation
Energy
Company Size
501-1,000
Company Stage
Series D
Total Funding
$2.1B
Headquarters
Mountain View, California
Founded
2016
Overview
Company Historically Provides H1B Sponsorship
Nuro creates autonomous delivery vehicles that transport goods without any occupants. These vehicles are designed to operate safely and efficiently, allowing businesses like retailers, grocery stores, and restaurants to streamline their delivery services. By partnering with these businesses, Nuro helps reduce delivery costs and improve convenience for customers. Unlike other companies in the autonomous vehicle sector, Nuro focuses solely on goods delivery, optimizing their vehicles for this purpose, which enhances safety and reduces emissions. Their goal is to provide a sustainable and efficient delivery solution that meets the growing demand for fast and reliable logistics.
Simplify's Take
What believers are saying
- Partnership with Uber Eats could significantly increase market reach and revenue streams.
- Expansion in Houston by 70% indicates strong growth potential in key regions.
- Nuro AI Platform opens new revenue opportunities through licensing and partnerships.
What critics are saying
- Increased competition from Uber's expansion in delivery services threatens Nuro's market share.
- Expansion in Houston and California may face regulatory challenges with autonomous vehicles.
- Reliance on AI-based systems exposes Nuro to AI safety and ethical concerns.
What makes Nuro unique
- Nuro focuses exclusively on goods delivery, not passenger transport, optimizing for safety and efficiency.
- Their zero-emission vehicles align with global efforts to combat climate change.
- Nuro's autonomous vehicles reduce the need for human driving, improving quality of life.
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Funding
Total Funding
$2074M
Above
Industry Average
Funded Over
4 Rounds
Tiger Global
SoftBank
Greylock PartnersIndustry standards
Benefits
Performance Bonus
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -5%After graduating from MIT, where he met his co-founder in middle school and later collaborated on projects, Mohan joined Nuro, an autonomous vehicle company.
As Uber strengthens its position in the market, its focus on expanding services and enhancing customer loyalty is paying off, with notable growth in both membership and demand across its platforms. Uber says it is entering 2025 with momentum, driven by a surge in its Uber One membership program and increased demand across its Mobility and Delivery services. During the company’s fourth-quarter and full-year earnings call Wednesday (Feb. 5), Chief Financial Officer Prashanth Mahendra-Rajah noted, “we’re leaning into membership.” Uber added 5 million members to its Uber One program during the quarter, bringing its overall membership to 30 million. Uber’s fourth-quarter gross bookings rose 18%, to $44.2 billion, with Mobility and Delivery bookings both increasing 18%. Revenue increased 20%, to $12 billion
Autonomous vehicle company Nuro is expanding its deployment of zero-occupant vehicles in Houston by 70%.
Nuro navigates to fully autonomous driving. By Mike Oitzman | November 27, 2024In Episode 174 of The Robot Report Podcast, we feature an interview with Andrew Clare, chief technology officer of Nuro Inc. It’s a short workweek in the U.S. with the Thanksgiving holiday, so we skipped the news this week and went straight into the interview with Clare. He discusses the company‘s evolution in the autonomous vehicle space, focusing on its Nuro Driver technology. Clare elaborates on Nuro’s expansion of its business model to include partnerships with automotive OEMs and the potential market for AI-based driving
When Nuro first introduced its fleet of autonomous delivery robots, it captured the imagination of a future filled with efficient, last-mile logistics.
Nuro is Hiring for 55 Jobs on Simplify!
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About Nuro
Industries
Robotics & Automation
Automotive & Transportation
Energy
Company Size
501-1,000
Company Stage
Series D
Total Funding
$2.1B
Headquarters
Mountain View, California
Founded
2016
Nuro is Hiring for 55 Jobs on Simplify!
Find jobs on Simplify and start your career today