- Nuro, a US startup building autonomous delivery vehicles, has raised $600 million in Series D funding.
- The round, which reportedly values the company at $8.6 billion, was led by Tiger Global. Other participating investors included Baillie Gifford, Fidelity, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, T. Rowe Price, and Toyota affiliate Woven Capital.
- Nuro and Google said their new relationship will allow them to “explore opportunities together to strengthen and transform local commerce.” As part of the deal, Nuro also struck a five-year partnership with Google Cloud.
Why it matters:
“With the boost of this new funding, we’re turning our focus to commercializing and scaling the production of our third-generation vehicle at our new facility in Southern Nevada,” Nuro co-founder and president Dave Ferguson told TechCrunch.
Are restaurants ready to deploy delivery robots? Following $36 million funding, Coco says yes – read more here
Founded in June 2016, Nuro’s “zero-occupant autonomous delivery vehicles” are designed to travel at lower speeds with lower emissions to transport everything “from produce to prescriptions” to consumers’ doorsteps.
The Mountain View, California-based startup is piloting its delivery robots with fast food chains Chipotle and Domino’s, logistics giant FedEx, and retailers including CVS, Walmart, and new investor Kroger.
Sponsored
International Fresh Produce Association launches 2023 Fresh Field Catalyst Accelerator program