The US$800 million global investment fund that supports growth-stage is making an equity investment in Nuro Inc, a California-based robotics company providing autonomous delivery.
The investment is part of Nuro's Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform local commerce through autonomous delivery.
The fund was established in January 2021 as the investment arm of Woven Planet Group, Toyota subsidiaries which started the business recently, dedicated to building the safest mobility in the world.
"Nuro has proven itself to be a true leader in autonomous vehicles for local goods delivery. Between their state-of-the-art technology and powerful partnerships with leading US brands, they are revolutionising everyday commerce, making it safer and more efficient. The company is primed for success in a post-Covid world, where secure, user-friendly delivery is prized by consumers," said Woven Capital managing director George Kellerman.
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