SoftBank invests almost $1 billion in self-driving robotics firm Nuro

Self-driving vehicle developer Nuro, the robotics company that recently launched an unmanned delivery service in Arizona, has raised $940 million in financing from the SoftBank Vision Fund.

The company plans to use the new financing to expand its delivery service to new geographies, add new partners, scale its fleet, grow its team and extend and mature its self-driving technology.

“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 Nuro’s co-founder, Dave 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.”

Through its self-driving service, the company is aiming to make local delivery fast and affordable. The service uses Nuro’s custom unmanned road vehicle to run different errands, such as picking up groceries or delivering dinner.

“Nuro’s world-class team has successfully scaled their self-driving technology out of the lab and into the streets,” said SoftBank Investment Advisers Managing Partner Michael Ronen.

“In just two years Dave, Jiajun and team have developed Nuro from a concept into a real business using robotics to connect retailers to customers.”

Last year, in addition to its Arizona delivery service, Nuro partnered with US supermarket chain Kroger on an autonomous delivery pilot.

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