SoftBank Invests $940 Million in Nuro for Driverless Deliveries - News Summed Up

SoftBank Invests $940 Million in Nuro for Driverless Deliveries


SoftBank Group Corp. is investing almost $1 billion in a robotic-delivery vehicle startup, a hefty injection of capital that could help accelerate the race to put driverless vehicles on the road. Nuro Inc. raised $940 million from SoftBank’s nearly $100 billion tech-focused Vision Fund, the startup said Monday. Founded in 2016, Nuro is now valued by investors at $2.7 billion.


Source: Wall Street Journal February 11, 2019 14:04 UTC



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