Nuro Inc. Secures Funding for Autonomous Vehicle Expansion
Nuro, Inc. has completed a successful investment round, totalling $600 million, with some of this coming from Kroger Co.
California-based Nuro is a robotics company working towards the development of a self-driving vehicle designed specifically to deliver groceries. Their vehicles have been tested in pilot programs for delivering pizza and groceries.
With the $600M in funding, the company is set to grow, using the capital influx to accelerate the development and deployment of their autonomous vehicles across the country.
“We’re thrilled to have the backing of these prominent investors and world class companies, and honored that they support our vision of improving communities and revitalizing local commerce,” Nuro co-founder and president Dave Ferguson said in a news release. “We believe this investment will allow us to accelerate our commercialization strategy and better everyday life with Nuro’s technology.”
Nuro has designed their vehicles to drive in neighborhoods, and programmed them to always prioritize others safety first since they only carry goods. This overcomes one of the key problems faced by other autonomous vehicles which is how to balance safety of passengers with safety of external people or other cars.
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