SoftBank Invests $940 Million in Nuro for Driverless Deliveries
By Tim Higgins | Updated Feb. 11, 2019 2:17 p.m. ET
SoftBank Group Corp.’s giant tech fund 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.
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