KraneShares AI ETF AGIX Buys Shares of Private Autonomous Driving Tech Provider Nuro

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- KraneShares today announced that its 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 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 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.

About KraneShares

KraneShares is an investment manager focused on providing innovative, high-conviction, and first-to-market ETFs based on extensive investing knowledge. KraneShares identifies groundbreaking capital market opportunities and offers investors cost-effective and transparent tools for gaining exposure to diverse asset classes. Founded in 2013, KraneShares serves institutions and financial professionals globally.

Citations:

1. Data and information from Nuro, Inc.'s company website as of 5/1/2026.
2. Data from Bloomberg as of 5/1/2026. *Up to limits permitted by the Investment Advisors Act of 1940.

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com/agix. Read the prospectus carefully before investing.

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AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. AGIX is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. AGIX may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as AGIX increases in size, the impact of IPOs on AGIX’s performance will generally decrease.

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