Nuro, a Mountain View, Calif.-based autonomous delivery company, received new investments in Series C funding round.
Backers included Woven Capital, a newly established growth stage fund from Woven Planet, a Toyota subsidiary, Chipotle, and other new investors.
They joined as part of Nuro’s recently closed $500m Series C round, led by funds and accounts advised by T. Rowe Price Associates, Inc., with participation from new investors including Fidelity Management & Research Company, LLC. and Baillie Gifford, and existing investors such as SoftBank Vision Fund 1 and Greylock.
The company intends to use the funds to advance its autonomous technology, grow its team, and expand its delivery service.
Led by Dave Ferguson, co-founder and president, Nuro is a leader in autonomous delivery using robotics to improve everyday life. The company’s fleet of on-road, fully occupantless and autonomous vehicles are designed to deliver everyday goods to consumers ranging from groceries to pizza to prescriptions in a quick, affordable, and safe way.
The company, which has announced partnerships with Kroger, Domino’s, Walmart, CVS and other companies, recently secured a deployment permit from the California DMV.