Home / Technology / Uber Invests Big: Nearly $500M for Nuro Robotaxis
Uber Invests Big: Nearly $500M for Nuro Robotaxis
4 Jun
Summary
- Uber committed nearly $500 million to Nuro's autonomous vehicle technology.
- The investment supports a partnership to deploy 35,000 robotaxis.
- Nuro's funding aims to achieve driverless testing and passenger service by 2026.
Uber has committed nearly $500 million to autonomous vehicle startup Nuro, a significant financial tie detailed by sources. This investment accelerates Uber's strategy to become a platform for the burgeoning robotaxi industry.
The extensive funding supports a multi-year initiative. This includes a three-way partnership with Nuro and Lucid to deploy 35,000 robotaxis. These vehicles will leverage Lucid's SUVs, Nuro's self-driving technology, and Uber's ride-hailing platform.
Nuro's funding aims to achieve critical milestones, including driverless testing later this year and carrying passengers in autonomous vehicles by the end of 2026. The company is also working to scale its service next year, with initial funds already released upon meeting targets.
The California startup received permits in April to test autonomous vehicles without safety drivers. Nuro is now cleared to carry passengers in testing with drivers. The company pivoted in 2024 to licensing its software to automakers and mobility providers.
