Nuro Raises $600 Million, Valuation Reaches $8.6 Billion

While the concept of mobility has often turned out to be a buzz phrase used by executives unsure of where to place hypothetical revenue streams and burgeoning technologies, it has simultaneously yielded a handful of enterprising business premises with the potential to stand on their own. Nuro, the American robotics company fielding pint-sized delivery drones, is among them and has made a case for itself by eliminating humans from the equation entirely and providing unique scenarios for its services.

The startup has been getting a smattering of positive attention since its formation in 2015 and recently raised $600 million during its latest funding round, bringing its valuation to an impressive $8.6 billion.

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California Greenlights Autonomous Delivery Vehicles for Public Roads

On Tuesday, self-driving startup Nuro received a permit from the State of California to commence testing on certain public roads. Issued by the state’s Department of Motor Vehicles, the document allows its fleet of driverless delivery bots to mingle with traffic.

On a national level, Nuro’s vehicles are technically illegal without a smidgen of government help. U.S. Federal Motor Vehicle Safety Standards mandate road-going automobiles have things like windshields, airbags, and mirrors. Meanwhile, Nuro’s small delivery units don’t even have space for a driver — requiring the Department of Transportation to make regulatory exemptions for the brand in February after debating the issue for over a year.

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  • Inside Looking Out Enforcing laws? It is so yesterday! Welcome to California!
  • Lou_BC You'd think cops would have an understanding of the laws they are supposed to enforce.
  • Merlyn I’m on my second Spark and love it! I can pass any car I’ve never had a problem going up a hill it does just fine. As for cargo I can fit three suitcases, two book bags and still have the front seat for a passenger. Not sure what point this guy is trying to make. I have hand free phone service and Sirius radio plug in my phone and have navigation. I would buy another spark in a heartbeat.
  • Buickman I won't own one and I'll be happy!
  • Jeanbaptiste Ever since y’all started sending your damn geese down here we’re just been waiting for one of you to show up.