Self-driving delivery firm Nuro raises $500 million as COVID-19 boosts e-commerce

Self-driving delivery company Nuro, whose R2 unit has no pedals or steering wheel and only room for packages, said Monday it has raised $500 million as e-commerce gets a huge boost from the pandemic.

Nuro joins other self-driving firms that raised big money this year. Earlier this year Waymo, the self-driving unit of Alphabet Inc raised $3 billion, helping to boost the total raised in 2020 by autonomous car companies to $7.1 billion as of November 4, according to data firm PitchBook. While that slightly exceeds 2019’s total, it falls short of the record $9.4 billion raised in 2018. Also far fewer startups are getting funded.