KraneShares AI ETF AGIX Buys Shares of Private Autonomous Driving Tech Provider Nuro
By KraneShares
New York, NY — May 7, 2026 - KraneShares today announced that the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) has directly invested in private self-driving technology company Nuro Inc., joining its existing private investments in Anthropic and SpaceX.
Nuro is a leading developer of Level 4 autonomous driving technology, which is an automated driving system that can perform an entire driving task within a mapped territory (e.g., specific city areas, routes, speeds, and weather conditions) without requiring a human to take over. Nuro was founded in 2016 by former Google self-driving engineers and has logged more than 1.7 million autonomous miles over 8 years with zero at-fault incidents. Additionally, Nuro holds the first-ever and only autonomous vehicle exemption granted by the U.S. National Highway Traffic Safety Administration.1
In September 2024, the company transitioned from operating proprietary delivery vehicles to licensing its autonomous driving system, Nuro Driver™, to automakers and mobility platforms, shifting toward a less capital-intensive, higher-margin software model.
Nuro’s commercial momentum has continued to build as its partnership with Uber and luxury electric vehicle (EV) company Lucid Motors scales up. Over the next six years, Uber plans to deploy more than 20,000 Lucid EVs equipped with Nuro’s self-driving technology system.1 The initiative is targeting a late‑2026 commercial launch in the San Francisco Bay Area.1
“Nuro gives AGIX shareholders access to one of the most compelling private autonomous mobility platforms in the market at a time when agentic AI is moving decisively into the physical world,” said Derek Yan, CFA, Senior Investment Strategist at KraneShares. “Adding Nuro reinforces AGIX's mandate to provide investors with differentiated exposure to the full AI value chain across both public and private markets.”
“We believe Nuro marks the next phase of AI investing, where intelligence is no longer confined to software but deployed in real-world, mission-critical systems with clear commercial pathways,” said Max Chen, Partner at Etna Capital Management, sub-advisor to the AGIX ETF. “AGIX’s investment reflects our conviction that private market innovators like Nuro can enhance the fund’s ability to provide differentiated exposure, and we remain focused on expanding that pipeline.”
About AGIX Artificial Intelligence ETF
AGIX was launched on July 18, 2024, by KraneShares in collaboration with Etna Capital Management, the sub-advisor of AGIX and an established pioneer in AI venture investing. Etna’s expertise is underscored by its early-stage investments in AI innovators, including Anthropic, xAI, and Perplexity.
As of the date of this release, Nuro represented 1.03% of AGIX’s net assets.2 Additionally, Anthropic represented 2.67%, and SpaceX represented 1.58% of AGIX’s net assets.2
For more information on the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), top 10 holdings, and its innovative structure, please visit our AGIX Artificial Intelligence ETF overview page.
For AGIX top 10 holdings, risks, standard performance, and other fund information, please click here.
Citations:
- Data and information from Nuro Inc.'s company website as of 5/1/2026.
- Data from Bloomberg as of 5/1/2026. *Up to limits permitted by the Investment Advisors Act of 1940.
About KraneShares
KraneShares delivers research-driven, high-conviction strategies connecting investors to the world’s most powerful growth themes. From emerging technologies and China’s dynamic capital markets to carbon credits, alternatives, and income, the firm offers differentiated exposures designed to capture the megatrends reshaping the global economy.
