Nuro secured $500 Million In Funding Round Backed By New Investors

Nuro, a California-based autonomous delivery company, has now secured new investments in the Series C funding round.

Nuro is founded by Dave Ferguson. It is a leader in autonomous delivery using robotics to improve day-to-day life. The company fleet of on-road, autonomous vehicles and fully occupant less is designed to deliver everyday goods to consumers, which range from groceries to pizza to prescriptions in an affordable, quick and safe way.

Executive Opinion

“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.”

Nuro latest funding

The backers include the Woven Capital, a newly established growth-stage fund from Woven Planet, Chipotle, and some other new investors.

They joined as a part of the Nuro’s recently secured $500 million in Series C funding round, backed the accounts and funds advised by the T. Rowe Price Associates Inc with participation from the new investors, which includes the Baillie Gifford, Fidelity Management & Research Company LLC and SoftBank Vision Fund and Greylock.

The company as of now has plans to use the new funds to advance its autonomous technology, expand its delivery service and grow its team.

Also Read: Blippar secured $5 million in Pre-Series A Funding

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