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Coco Robotics, a prominent autonomous delivery vehicle company, has announced $80 million in strategic financing to advance its artificial intelligence platform, expand its fleet, and cultivate new enterprise partnerships. This new round of funding signals strong investor confidence in the company’s scalable and economically viable approach to autonomous delivery.
Key Highlights
- New Funding: Coco Robotics raised $80 million from returning and new investors, including notable figures like Sam and Max Altman and former Uber executive Ryan Graves.
- Fleet Expansion: The company aims to operate 10,000 autonomous vehicles by 2026, positioning it to have the world’s largest autonomous delivery fleet.
- Proven Track Record: Coco has already successfully completed over 500,000 zero-emission deliveries across major cities in the United States and Europe.
- Strategic Growth: The capital will accelerate expansion into more U.S. markets and continue its international growth.
Accelerating a Proven Model
With the fresh capital, Coco Robotics is set to accelerate its growth, building on a model that has already demonstrated reliability and success at scale. The company has a significant operational footprint in U.S. cities such as Los Angeles, Chicago, and Miami, and has established its first European presence in Helsinki.
The company’s strategy focuses on a capital-efficient approach to real-world autonomy, which has allowed for steady and sustainable growth. Thousands of new vehicles are expected to be deployed by the end of 2025, keeping Coco on track to become the operator of the largest autonomous vehicle fleet globally. Zach Rash, CEO and Cofounder of Coco Robotics, emphasized the company’s focus on practical solutions, stating, “We’ve been very intentional about building technology and a business model based on unit economics that work today – not five years down the road.”
Transforming Urban Logistics
Coco is at the forefront of revolutionizing urban logistics through its AI-driven fleet of autonomous robocouriers. These vehicles are engineered to make deliveries more efficient, affordable, and dependable while simultaneously reducing urban traffic congestion and harmful emissions.
By establishing key partnerships with major platforms like Uber and DoorDash, Coco provides a cost-effective and scalable solution that reimagines the movement of goods within cities. As the demand for reliable and economically sustainable logistics continues to rise, Coco is strategically positioned to broaden its enterprise partnerships to address the dynamic needs of urban delivery.
Ryan Graves, the former SVP of Global Operations at Uber and a new investor, praised Coco’s methodology. “What impressed me about Coco is their grounded, capital-efficient approach to real-world autonomy,” said Graves. “They’re solving some of our most challenging problems for businesses, consumers, and cities today that will define our culture tomorrow.”
About Coco Robotics
Founded in 2020, Coco Robotics is the world’s largest urban robot delivery platform. Having completed over half a million zero-emission deliveries in the US and Europe, Coco is dedicated to creating a more sustainable, reliable, and affordable last-mile logistics solution for cities worldwide.
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