Nuro raises $203 million in Series E funding, boosting its valuation to $6 billion.

Funding and Valuation: Nuro Inc. has raised $203 million in a Series E funding round, increasing its valuation to $6 billion, with total funding reaching $2.3 billion.

Investor Participation: The funding attracted both new investors like Nvidia and Uber, as well as returning ones such as Baillie Gifford, reflecting renewed confidence in the autonomous vehicle sector.

Technological Advancements: Nuro has progressed from level 2 driver-assisted technology to level 4 capabilities, allowing vehicles to handle most driving situations autonomously, while also partnering with Uber for a global robotaxi service.

Market Competition: Nuro and Tesla are both targeting the projected $10 trillion global robotaxi market, with Nuro focusing on partnerships and Tesla leveraging its production capacity and data advantage for faster scaling.