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Autonomous delivery vehicle company Nuro lands close to $1B from the SoftBank Vision Fund

Nuro, a robotics company developing a self-driving service for local goods transportation (earlier post), has raised $940 million in financing from the SoftBank Vision Fund. To date, Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital.

Nuro+delivers+to+customers

Nuro’s self-driving service uses Nuro’s custom unmanned road vehicle to run errands of all kinds—from picking up groceries to delivering dinner. Nuro strives to create a world where everything can be delivered affordably and on-demand.

In 2018, Nuro introduced its custom unmanned vehicle, secured a national partnership with Kroger to do grocery delivery, licensed its self-driving technology to autonomous trucking company Ike, and launched the first unmanned delivery service available to the general public in Arizona.

Nuro will use this new financing to expand its delivery service to new geographies, add new partners, scale its fleet, extend and mature its general self-driving technology, and significantly grow its team. The investment is subject to customary closing conditions, including receipt of applicable regulatory approvals.

Comments

HarveyD

Safety of goods being delivered will have to be further ensured with locks and improved security devices. Otherwise, goods will rapidly end up in the wrong hands?

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