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You are here: Home / Transportation / Softbank Invests $1B in Robo-Delivery Startup Nuro

Softbank Invests $1B in Robo-Delivery Startup Nuro

February 11, 2019 wired Leave a Comment

For the past two months, a pair of funny-looking, toaster-like creatures have been busily toting groceries from the Fry’s Food supermarket to people’s homes in Scottsdale, Arizona.Now, residents of the Phoenix suburb should get ready to see a lot more of these bots: Nuro, the self-driving startup that builds and operates the diminutive automatons, announced this morning it has received a $940 million investment from the SoftBank Vision Fund. The deal—the biggest investment in a self-driving company in recent months—continues SoftBank’s steady march into the transportation industry: The Japanese giant has also invested in Uber, Mapbox, and parking “platform” ParkJockey. Last year, it put $2.25 billion into General Motor’s self-driving arm, Cruise. Nuro, which is focused on local deliveries, makes a logical addition to SoftBank’s roster. The Silicon Valley startup was founded in 2016 by Dave Ferguson and Jiajun Zhu, both early and longtime members of Google’s self-driving car effort (now a standalone Alphabet company known as Waymo). In the past two and a half years, it has built a team of 200 full-time employees and about 100 contractors, and produced a few copies of its R-1 robot, which is a bit smaller than a standard sedan. It can carry more stuff than sidewalk delivery bots being developed by companies like Marble, and while it drives in the street, its slim profile makes moving safely easier, Ferguson says. Last summer, Nuro announced a deal with grocery mega-chain Kroger (which owns Fry’s Food) to deliver groceries for some Scottsdale customers, and… [Read full story]




  • SoftBank Invests $940 Million in Nuro for Driverless Deliveries
  • Robot delivery startup Nuro raises nearly $1 billion from SoftBank
  • Driverless delivery startup Nuro gets $940 million SoftBank investment
  • Startup Nuro raises $940 million from SoftBank's Vision Fund
  • Driverless delivery startup Nuro raises almost $1 billion
  • It took a day for WeWork’s CEO to recover from the shock of a $16 billion SoftBank investment falling apart
  • SoftBank invests $2.25 billion in General Motors’ autonomous vehicle division
  • Driverless vehicle startup Nuro begins delivering groceries to Kroger customers in Arizona
  • Japan's SoftBank invests in US office space-sharing WeWork
  • SoftBank invests in 'handy Japan' hotel technology service

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