The global investment fund Woven Capital has announced its equity stake in the robotics company Nuro Inc. The investment is the first investment by the fund, which was founded by the Woven Planet Group in January 2021. The Toyota subsidiary is dedicated to the topics of automated driving, smart cities and robotics. In the months and years to come, Nuro will push ahead with the development and construction of self-driving delivery vehicles in order to sustainably change local trade through autonomous delivery. With its investment, the Woven Planet Group underscores its intention to support companies in the development of innovative technologies and business models in the areas of mobility, automation and artificial intelligence.
“Nuro is a real leader in autonomous vehicles in local goods delivery. Thanks to its cutting-edge technology and strong partnerships with leading US brands, Nuro makes everyday trading safer and more efficient, “believes George Kellerman, Managing Director of Woven Capital.
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He sees the company well-equipped for a prosperous future in a post-Covid-19 pandemic world and believes that consumers will appreciate safe and user-friendly delivery. Nuro is the ideal partner for the first investment.
“Woven Capital’s focus on safe mobility and cutting-edge technology as well as its connection to Toyota make them an ideal investment partner for us,” added Dave Ferguson, co-founder and president of Nuro.
The US company sees itself as a leading provider of autonomous delivery services. The company’s fleet, which was founded in 2016, consists of autonomous vehicles that are designed to deliver everyday consumer goods – from groceries to pizza to medical prescriptions – quickly, cheaply and safely. The company’s goal is to fundamentally change the last mile of local delivery for consumers and businesses. The company has partnerships with US companies such as the retail groups Kroger, CVS Health and Walmart as well as the fast-food chain Domino’s Pizza.
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