Nuro Raises $1B from SoftBank Vision Fund to Transform Local Commerce Through Self-Driving

Nuro's custom unmanned road vehicle can run errands of all kinds—from picking up groceries to delivering dinner.

Nuro Kroger Autonomous Delivery
Nuro

Nuro raised $940 million in financing from the SoftBank Vision Fund to make local delivery fast.  

Nuro's custom unmanned road vehicle can run errands of all kinds—from picking up groceries to delivering dinner.

“We’ve spent the last 2.5 years building an amazing team, launching our first unmanned service, working with incredible partners and creating technology to fundamentally improve our daily lives,” says 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 introduced its custom unmanned vehicle in 2018, secured a national partnership with Kroger for 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’s world-class team has successfully scaled their self-driving technology out of the lab and into the streets,” says Michael Ronen, managing partner, SoftBank Investment Advisers. “In just 2 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 grow its team. 

Latest