MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Leading autonomous vehicle company Nuro today announced a new round of financing led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, LLC, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Inc., Woven Capital, and other existing investors as part of the company’s Series D funding round. This $600M financing will support the development and deployment of Nuro’s autonomous delivery service in communities across the country.
“The arrival of ubiquitous on-demand ecommerce is changing the way we access goods. Demand for local deliveries is exploding. Nuro is the bridge to an era of sustainable, low cost, autonomous local delivery”
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“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,” said Dave Ferguson, Nuro co-founder and president. “We believe this investment will allow us to accelerate our commercialization strategy and better everyday life with Nuro’s technology.”
“The arrival of ubiquitous on-demand ecommerce is changing the way we access goods. Demand for local deliveries is exploding. Nuro is the bridge to an era of sustainable, low cost, autonomous local delivery,” said Griffin Schroeder, Partner at Tiger Global.
The recently closed series D round will enable...
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