Nuro Announces Series C Funding Round with New Investors, Strengthening Leadership in Autonomous Delivery
Following this round, Nuro will continue to strengthen its industry-leading autonomous driving technology, expand its team, and broaden its delivery services.
On March 25, 2021, Nuro announced that its Series C round had brought in new investors including Woven Capital and Chipotle. This investment also marked the first deal for Woven Capital, a new growth-stage fund launched by Toyota subsidiary Woven Planet. The additional capital raised by Nuro signaled that a group of world-class investors maintained their confidence in the company and its vision for autonomous delivery.
"We are thrilled to have the support of so many world-class investors as we shape the future of mobility for people everywhere," said Dave Ferguson, Nuro co-founder and president. "The backing of global financial and strategic investors will greatly accelerate the commercialization and scaling of Nuro's local delivery products."
Woven Capital, a subsidiary of Toyota, fast-casual restaurant chain Chipotle, and other new investors participated in Nuro's recently completed Series C round. The round was previously led by T. Rowe Price Associates, Inc., a top global investment firm, with participation from new investors including Fidelity Management & Research Company, LLC, another leading global investment firm, and Baillie Gifford, a major Tesla institutional shareholder, as well as existing investors SoftBank and Greylock.
The addition of new investors, combined with Nuro's recent receipt of a permit from the California DMV — the first and currently only permit allowing fully driverless vehicles to be tested on public roads — further strengthened Nuro's leadership position in autonomous delivery. Following this round, Nuro will continue to enhance its industry-leading autonomous driving technology, expand its team, and grow its delivery services.
About Nuro
Nuro is a leader in autonomous delivery, dedicated to improving people's daily lives through robotics. The company develops fleets of road-legal, fully unmanned autonomous vehicles to deliver a wide range of goods to consumers more quickly, at lower cost, and with greater safety — from groceries and pizza to medications. Nuro's mission is to fundamentally transform last-mile local delivery for both consumers and businesses, while harnessing the power of robotics to create greater convenience. Nuro has announced partnerships with Kroger, Domino's, Walmart, CVS, and other leading companies.
Media contact: press@nuro.ai
Autonomous driving company Nuro announces $500 million Series C round
