Autonomous driving tech startup Nuro is valued at $6B in a funding round that followed its strategy pivot
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2025
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Source: SeekingAlpha
Funding and Valuation: Nuro Inc. raised $106 million in Series E funding, bringing its total funding to $2.2 billion and valuing the company at $6 billion, down from $8.6 billion in 2021, as it shifts focus to licensing autonomous software rather than building vehicles.
Business Strategy Shift: The startup is pivoting its business model to compete with other companies like Wayve by licensing its technology to automakers, following significant workforce reductions and a pause on production of its delivery robot due to cost concerns.
Analyst Views on IDRV
Wall Street analysts forecast IDRV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IDRV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.667
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Current: 39.667
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
