Mexican Media Brands
SoftBank Invests $940 Million in Nuro Startup
Japan’s SoftBank Vision Fund has invested $940 million in Nuro.ai, a California-based startup that makes self-driving delivery vehicles.
Share
Japan’s SoftBank Vision Fund has invested $940 million in Nuro.ai, a California-based startup that makes self-driving delivery vehicles.
SoftBank’s latest deal follows a $2.3 billion investment in General Motors Co.’s Cruise Automation autonomous vehicle unit last May. The company also holds stakes in ride-hailing services DiDi, GrabTaxi and Uber.
Nuro was valued at $1.7 billion before the latest investment round. The startup began evaluating its R1 driverless delivery pod with grocery chain Kroger Co. last August.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
