Autonomous delivery robot start-up Nuro secures new funding round
Autonomous delivery robot maker Nuro has announced new investors in Series C financing
Nuro has announced numerous new investors, including Woven Capital and Chipotle, as part of the company’s Series C funding round, giving the company a multi-billion dollar valuation.
Nuro is developing an autonomous delivery system for the last mile. Nuro’s robots are designed to operate on public roads, with its flagship R2 model providing multiple compartments for last mile deliveries, which can be accessed by users through a touchscreen. It also has worked with Toyota on self-driving cars.
Nuro recently secured its first deployment permit from the California DMV.
Nuro has previously announced partnerships with Kroger, Domino’s, Walmart and CVS.
With this funding, Nuro will continue to advance its autonomous technology, grow its team, and expand its delivery service.
This is the first investment from Woven Capital, a newly established growth stage fund from Woven Planet, a Toyota subsidiary and continues on from Series A and C funding rounds that raised roughly half a billion dollars each.
“We are thrilled to have the backing of this tremendous group of best-in-class investors to shape the future of mobility for people across the globe,” said Dave Ferguson, Nuro co-founder and president. “The support of these financial and strategic investors from multiple continents will be a huge boost to Nuro as we commercialize and scale our local delivery product.”