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Self-driving delivery startup Nuro just raised $500 million to help make automated pizza and grocery delivery a reality — here's how it works

Business Insider Logo By bchang@businessinsider.com (Brittany Chang) of Business Insider | Slide 1 of 14:  Nuro, a self-driving delivery startup, has raised $500 million in its latest funding round, according to the company's news release. Nuro specializes in developing electric autonomous vehicles that have one purpose: the transportation of goods from storefronts to customers' homes. The California-based startup has partnered with a list of big name companies, including Walmart, Domino's Pizza, CVS Pharmacy, and Krogers. Nuro now has a $5 billion valuation, according to a report by TechCrunch. Visit Business Insider's homepage for more stories. Nuro, a self-driving delivery startup, has raised $500 million in its latest funding round.Nuro's product fits squarely between the delivery and ecommerce industries that have boomed amid the coronavirus pandemic. The company specializes in developing electric autonomous vehicles that have one purpose: the transportation of products from a storefront to a customer's homes.While this isn't an entirely novel concept, the California-based startup has been able to claim multiple firsts since the company was founded in 2016. Nuro's second generation vehicle, the R2, is the first autonomous vehicle that's legally allowed to operate without side mirrors or windshields. The R2 is also the first vehicle to have been autonomously driven in states like California, Texas, and Arizona.Read more: A cofounder of the Softbank-funded self-driving startup Nuro reveals his plan to make money off delivery robots without charging feesRead the original article on Business Insider

Self-driving delivery startup Nuro just raised $500 million to help make automated pizza and grocery delivery a reality — here's how it works

Nuro, a self-driving delivery startup, has raised $500 million in its latest funding round.

Nuro's product fits squarely between the delivery and ecommerce industries that have boomed amid the coronavirus pandemic. The company specializes in developing electric autonomous vehicles that have one purpose: the transportation of products from a storefront to a customer's homes.

While this isn't an entirely novel concept, the California-based startup has been able to claim multiple firsts since the company was founded in 2016. Nuro's second generation vehicle, the R2, is the first autonomous vehicle that's legally allowed to operate without side mirrors or windshields. The R2 is also the first vehicle to have been autonomously driven in states like California, Texas, and Arizona.

Read more: A cofounder of the Softbank-funded self-driving startup Nuro reveals his plan to make money off delivery robots without charging fees

Read the original article on Business Insider
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