Nuro driverless delivery vehicle 2019

Driverless delivery vehicle maker Nuro gets billion-dollar boost

Whenever anyone spends a billion dollars in the self-driving world it is probably worthy of a mention here.

In this case, unmanned delivery vehicle specialist, Nuro, has been boosted by a US$940m investment from Japanese multinational, SoftBank.

Founded in 2016 by two former Google engineers, Dave Ferguson and Jiajun Zhu, Nuro operates mainly in San Francisco but plans to expand its delivery service to new areas, add new partners and expand its fleet.

“We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible partners and creating technology to fundamentally improve our daily lives,” said 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’s other backers include Greylock Partners and Gaorong Capital.

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Author: Neil Kennett

Neil is MD of Featurebank Ltd. He launched in 2019.