Uber's total investment in self-driving startup Nuro reaches approximately $500 million
Summary
Uber's total commitment to self-driving startup Nuro is approximately $500 million, significantly higher than previously disclosed. This includes a $203 million funding round participation and an unreported follow-on investment tied to development milestones. The deal is part of Uber's broader autonomy strategy, which involves funding external autonomy and vehicle makers rather than building in-house technology. Uber has a three-way arrangement with Nuro and Lucid targeting 35,000 robotaxis, and the Nuro investment is part of a roughly $10 billion program that also includes investments in Lucid, Rivian, Wayve, Nissan, and Volkswagen's MOIA.
Source
bskyUber's total investment in self-driving startup Nuro reaches approximately $500 millionbriefly.coKey quotes
· 5 pulledUber's commitment to self-driving start-up Nuro is near $500m, correcting earlier "multi-hundred-million" language.
Sources say an unreported follow-on brings total commitment to roughly $500m, with additional funding tied to undisclosed development and commercial milestones.
The investment supports a supplier relationship where Nuro builds autonomy while Uber supplies ride demand.
A three-way arrangement with Nuro and Lucid targets 35,000 robotaxis using Lucid Gravity SUVs and forthcoming midsize vehicles.
Uber's autonomy strategy relies on funding autonomy and vehicle makers rather than building itself, after selling its self-driving unit.
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