Softbank’s next bet: $940M into autonomous delivery startup Nuro

TechCrunch | 2/11/2019 | Staff
kimskims (Posted by) Level 3

Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots.

Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital.

Years - Team - Service - Partners - Technology

“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,” Nuro co-founder Dave Ferguson said in a statement. “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 focus has been developing a self-driving stack and combining it with a custom unmanned vehicle designed for last mile for the delivery of local goods and services. The vehicle, which was two compartments that can fit up to six grocery bags each.

Nuro - World-class - Team - Technology - Lab

“Nuro’s world-class team has successfully scaled their self-driving technology out of the lab and into the streets,” Michael Ronen, managing partner at...
(Excerpt) Read more at: TechCrunch
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