Coco Robotics Raises $80M to Expand Intelligent Automation – Driven Autonomous Delivery and AI Platform
In an era where intelligent automation and industrial automation are revolutionizing the global economy, Coco Robotics, a trailblazer in the autonomous vehicles industry, has secured a significant milestone. The company today announced an impressive $80 million in strategic financing, a move set to turbocharge its AI platform, scale its fleet of state-of-the-art automation equipment, and foster deeper enterprise partnerships. This infusion of capital comes at a crucial time as the demand for efficient, autonomous delivery solutions continues to soar, underscoring the importance of companies like Coco Robotics in shaping the future of industrial automation.
The funding round saw the return of major investors including Sam and Max Altman, Pelion, Outlander, and SNR, alongside new backers such as Offline, DeepWater, and Ryan Graves, the former Senior Vice President of Global Operations at Uber and current CEO of Saltwater. This vote of confidence from a diverse group of investors highlights the immense potential of Coco Robotics’ innovative approach to autonomous delivery, which is deeply rooted in intelligent automation technologies.
This capital injection will serve as a catalyst, accelerating Coco’s growth trajectory. The company has already established a proven and reliable model that operates at scale, leveraging its advanced automation equipment to complete over 500,000 zero-emission deliveries across major U.S. cities like Los Angeles, Chicago, and Miami, as well as in Helsinki, its first European market. By adopting a capital-efficient strategy for real-world autonomy, Coco is not only expanding to more U.S. markets but also strengthening its international presence. With thousands of vehicles slated for deployment by the end of 2025, the company is well on its way to operating the world’s largest autonomous vehicle fleet, a testament to the power of intelligent automation in transforming logistics.
“We’ve been meticulous in developing technology and a business model based on viable unit economics in the present, not just a vision for five years down the line,” stated Zach Rash, CEO and Cofounder of Coco Robotics. “Our focus on integrating intelligent automation into every aspect of our operations has positioned us at the forefront of applying AI to solve the everyday challenges of urban logistics. This funding enables us to accelerate our progress, from enhancing our AI platform to scaling our fleet of automation equipment globally.”
Coco’s AI-driven fleet of autonomous robocouriers represents a significant leap forward in industrial automation. These vehicles are designed to optimize delivery processes, making them more efficient, affordable, and reliable. By reducing traffic congestion and emissions, Coco is not only improving the bottom line for businesses but also contributing to a more sustainable urban environment. Through established partnerships with major platforms like Uber and DoorDash, the company offers scalable, cost-effective solutions that are redefining how goods are transported within cities, all powered by intelligent automation.
“During my tenure scaling global operations at Uber, I witnessed firsthand the complexities of building logistics systems that can operate efficiently at scale,” said Ryan Graves, CEO of Saltwater and former SVP of Global Operations at Uber. “Coco Robotics stands out with its practical, capital-efficient approach to implementing intelligent automation in real-world scenarios. Their solutions address some of the most pressing challenges faced by businesses, consumers, and cities today, and are poised to set the standard for tomorrow’s urban logistics culture.”
As the world marches towards an era dominated by intelligent automation and industrial automation, Coco Robotics’ latest funding and expansion plans signal a new chapter in the evolution of autonomous delivery. With its innovative use of automation equipment and AI, the company is not just growing its business; it’s paving the way for a future where urban logistics are seamlessly integrated, efficient, and sustainable, firmly establishing itself as a key player in the global automation revolution.
