Robotics company Nuro announced it 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's goal is to make local delivery fast and affordable with its self-driving service. The service uses Nuro's custom unmanned road vehicle to run errands ranging from picking up groceries to delivering dinner.
“We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible partners, and creating technology to fundamentally improve our daily lives,” said Nuro Co-founder, Dave Ferguson. “This partnership gives us the opportunity to take the next step in realizing our vision for local commerce and the broad application of our technology.”
In 2018, Nuro introduced its custom unmanned vehicle, secured a national partnership with Kroger to conduct grocery delivery, licensed its self-driving technology to autonomous trucking company Ike, and launched unmanned delivery service for the general public in Arizona.
Nuro says it 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.