The move comes amid surgin­g intere­st in roboti­c delive­ry from a range of compan­iesSAN FRANCISCO: A Silicon Valley startup working on self-driving delivery vehicles on Monday announced nearly a billion dollars in fresh funding from the SoftBank Vision Fund. The move comes amid surging interest in robotic delivery from a range of companies from small startups to retail giant Amazon. “Nuro’s world-class team has successfully scaled their self-driving technology out of the lab and into the streets,” SoftBank Investment Advisers managing partner Michael Ronen said in the release. Nuro planned to use the funding to expand its delivery service to new locations, increase its fleet of vehicles, and make new alliances. The SoftBank fund, led by Japanese entrepreneur Masayoshi Son, has set a goal of investing at least $100 billion promising new technologies.

Source: The Express Tribune February 12, 2019 06:33 UTC