Driverless delivery startup Nuro raises US$940m from SoftBank Vision Fund

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Nuro, the robotics company transforming local commerce, has announced that it has raised US$940m in financing from the SoftBank Vision Fund that will enable it to expand its self-driving delivery service. 

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

“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.”

“Nuro’s world-class team has successfully scaled their self-driving technology out of the lab and into the streets,” said Michael Ronen, managing partner, SoftBank Investment Advisers. “In just two years Dave, Jiajun and team have developed Nuro from a concept into a real business using robotics to connect retailers to customers.”

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.

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With a decade of experience in trade publishing, Hazel first joined UKi Media & Events in 2011 as assistant editor before progressing to editor of Business Airport International. After taking 18 months off to bring up her daughter and try her hand at marketing copywriting, she returned to UKi Media & Events in January 2018 to do what she loves best – magazine editing!

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