Robot delivery startup Nuro raises nearly $1 billion from SoftBank

Driverless delivery startup Nuro has received a rocket fuel supply from SoftBank. The company announced on Monday that it has raised $ 940 million from the technology company's Vision Fund, which will help accelerate Nuro's mission to deliver large quantities of unskilled delivery vehicles will be.

There is also a high degree of confidence in one of the lesser-known start-ups that studies self-driving technology. Nuro was formed in 2016 by a former Google chairman, a driving engineer, who differentiated himself by focusing on serving food rather than moving. The startup recently partnered with Kroger, a grocery store giant, to launch pilot services in Arizona.

"The last two and a half years we have built an amazing team, launched the first unmanned service, worked with amazing partners and radically improved our everyday lives "Said Nuro co-founder Dave Ferguson. "This partnership gives us an opportunity to move on to the next step in realizing our vision of local commerce and the broad application of our technology."

Nuro is today one of the few It is one of the companies that can not be. The R1 car is about half the size of a small sedan that is shorter than most cars and has no room for human passengers or drivers. Nuro has produced six of these vehicles so far and plans to use cash injections to manufacture more. It plans to increase the test fleet of standard vehicles with self-driving hardware and software to approximately 50, and operates using driver safety devices on public roads in California, Arizona and Texas.

$ 940 million for Nuro is the latest major investment in SoftBank's autonomous vehicles. SoftBank has quickly become a dominant force in the industry. The Vision Fund said it will invest $ 2.22 billion in GM's self-driving cruise segment as a major venture investment initiative launched by a Japanese technology giant in 2016.

The Tech conglomerate took over a 20% stake in Uber in 2017 while Travis Kalanick left the company. We are also investing heavily in competing elevator companies such as Didi Chuxing in China, Grab in Southeast Asia, and Ola in India. SoftBank has a multi-billion dollar stake in Nvidia. Nvidia has become a leading chip manufacturer driving many autonomous vehicles being tested today.

While there are still many uncertainties surrounding safety and practical applications, especially in self-propelled vehicles, the company that develops this technology continues to scrape cash at a brisk pace. Last week, another venture founded by Google engineer Aurora Innovation announced that it raised about $ 500 million from a number of investors, including Amazon.

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