• General
  • March 28, 2021
  • 4 minutes read

Autonomous Delivery Startup Nuro Adds Toyota, Chipotle As Investors

Nuro, a well-funded self-driving startup launched by ex-Google veterans, has said that it’s raised new funding from investors including restaurant chain…

Nuro R2 at CVS


Nuro, a well-funded self-driving startup launched by ex-Google veterans, has said that it’s raised new funding from investors including restaurant chain Chipotle and Woven Capital, a growth-stage fund launched by a subsidiary of Japanese automaker Toyota.

The new investments in Nuro came as part of a $500 million Series C that the company embarked on last year. It adds Chipotle as a strategic investor in Nuro and means we could see food from Chipotle getting delivered by Nuro’s self-driving robots sometime in the future.

With backing from an offshoot of Toyota, Nuro also has a new strategic investor in the Japanese automaker. 

  • Nuro’s new investments came on the heels of the company securing a commercial deployment permit for its autonomous delivery robots in the state of California. The permit has allowed Nuro to operate commercially in two countries near its headquarters in the California Bay Area and the company says it’ll soon start delivering there with a yet-unnamed partner.
  • Nuro currently has partnerships with major retailers including Walmart, Domino’s, CVS, and Kroger.
  • With the $500 million Series C round that Nuro is raising, the company is backed by a total of $1.5 billion in venture funding. The Series C round in particular is being led by investment firm T. Rowe Price.
  • Nuro’s other investors include the likes of asset management giant Baillie Gifford and the Japanese SoftBank Vision Fund.
  • “The support of these financial and strategic investors from multiple continents will be a huge boost to Nuro as we commercialize and scale our local delivery product.” Nuro co-founder and president Dave Ferguson said in a press statement. 

Photo credit: Nuro

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