Nuro's Plan With The Recent Funding

Nuro's Plan With The Recent Funding

Last year, Nuro had raised $500 million from T. Rowe Price Associates, Fidelity Management and Research Co. and Baillie Gifford in the previous round. The company has also received a combined investment of $940 million from SoftBank and Greylock Capital Management.

Last week, US-based electric self-driving vehicle manufacturer Nuro raised funding from Woven Capital, Chipotle and others in a Series C round. Founded in 2016 by former Google engineers, Nuro is a driverless on-road robotic car maker that delivers products and packages to consumers. The terms of the deal have not been disclosed. 

Last year, Nuro had raised $500 million from T. Rowe Price Associates, Fidelity Management and Research Co. and Baillie Gifford in the previous round. The company has also received a combined investment of $940 million from SoftBank and Greylock Capital Management.

The galaxy of big-ticket investors in Nuro is a testament to the company’s brimming potential.

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