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Nuro Raises $940 Mln In Financing From SoftBank Vision Fund

Nuro Inc, a robotic-delivery vehicle startup, announced that 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.

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-ever unmanned delivery service available to the general public in Arizona.

Nuro said 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.

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