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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.
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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.
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