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EV Maker Nuro Gets Major $600M Boost For Expansion

By 11/07/2021 9:00 AMNo Comments

Thanks to Google, Kroger, and others, electronic vehicle maker Nuro has hit the lottery with a whopping $600M funding for its expansion.

“Demand for local deliveries is exploding,” said Griffin Schroeder, partner at Tiger Global, which led the new round of financing. “Nuro is the bridge to an era of sustainable, low cost, autonomous local delivery.”

Source: Tech Xplore

The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership, has also announced a partnership with FedEx, and has piloted pizza delivery with Domino’s in Houston.

Nuro also signed a five-year strategic partnership with Google Cloud to support the ongoing development of the zero-occupant, autonomous delivery vehicles and said it will explore opportunities with the tech giant to “strengthen and transform local commerce.”

Nuro’s battery-powered vehicles, at 3.6 feet wide and about 9 feet long (1.1 meters wide and 2.7 meters long), are significantly shorter and thinner than a Mini Cooper, but more than a foot taller. They are permitted to travel up to 25 miles per hour and can be monitored and controlled remotely by a human operator if needed.

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Rhea Sovani

Author Rhea Sovani

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