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Startup Nuro raises $940 million from SoftBank's Vision Fund


FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS

(Reuters) – Autonomous technology startup Nuro said on Monday it has raised $940 million from SoftBank’s Vision Fund, which valued the Silicon Valley-based company at $2.7 billion.

Nuro, co-founded by two former engineers from Google’s self-driving car project, Dave Ferguson and Jiajun Zhu, last year launched a self-driving delivery vehicle that can run errands from picking up groceries to delivering dinner.

Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur



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