March 25, 2021

NuroVehicle400x275Nuro, which is developing autonomous on-road delivery vehicles, has announced new investors as part of the company’s Series C funding round. Included in the new investors are Woven Capital, a newly established growth-stage fund from Woven Planet, a Toyota subsidiary, and Chipotle Mexican Grill, Inc.

The Series C funding round, initially announced in November 2020, was for $500 million, and included investors T. Rowe Price, Fidelity Management & Research, and Baillie Gifford, as well as SoftBank Vision Fund 1 and Greylock.

Chipotle said that expanding access and convenience through its digital ecosystem is a strategic priority for the company. The company said it is exploring opportunities outside of traditional third-party partnerships.

“We are always seeking opportunities that provide innovative solutions for increasing access and convenience for our guests,” said Curt Garner, chief technology officer at Chipotle. “Nuro could change the traditional delivery model and we believe consumers are going to continue to seek options and additional access points for how and where they enjoy their food.”

“We are thrilled to have the backing of this tremendous group of best-in-class investors to shape the future of mobility for people across the globe,” said Dave Ferguson, co-founder and president of Nuro. “The support of these financial and strategic investors from multiple continents will be a huge boost to Nuro as we commercialize and scale our local delivery product.”

Nuro continues to make strides in the autonomous delivery of goods and food. In late December, Nuro had announced that it received a permit to deploy its vehicles on public streets in California; and also had acquired Ike, an autonomous long-haul trucking company.