On the evening of February 11, 2019, Silicon Valley robot company nuro announced that it had completed the financing of US $940 million from Softbank vision fund. So far, nuro has completed more than $1 billion of financing from partners including Softbank, Gaorong capital, Greylock partners and Netease founder Ding Lei.

Nuro makes local delivery faster and more efficient through autonomous driving technology and services. These services will be completed using nuro’s self-developed driverless car – including fresh food, takeout, parcels and other goods. Nuro’s first product is dedicated to creating a future in which any goods can be delivered quickly at the most affordable price.

“It took us two and a half years to build a world-class team, launch the world’s first driverless delivery service for the public, and work with the world’s leading partners to create autonomous products that fundamentally improve our daily life.” Nuro co-founder Dave Ferguson said, “this cooperation with Softbank gives us the opportunity to accelerate the realization of our vision of reshaping logistics distribution and other application scenarios through autonomous driving technology.”

In 2018, nuro launched its self-developed driverless car, reached a partnership with Kroger, the world’s largest fresh food chain supermarket, licensed the automatic driving technology to Ike, the automatic driving truck company, and launched the world’s first driverless distribution service for the public in Arizona.

“Nuro’s team has successfully brought their autonomous driving technology from the laboratory to real life.” Michael Ronen, managing partner of Softbank fund, said, “in just two years, Zhu Jiajun, Dave and their team have successfully connected retailers and users with robot and automatic driving technology, and developed nuro from an original idea into a real commercial company.”

Nuro will use this round of financing to expand its distribution services to new regions, add new partners, expand the fleet, improve its autonomous driving technology, and continue to recruit world-class talents.

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