Coco Robotics Raises $80M to Scale Autonomous Delivery Globally
- Coco secured $80 million to grow its AI platform, expand U.S. and international operations, and deploy thousands of autonomous vehicles.
- The company has completed over 500,000 zero-emission deliveries and plans to scale toward 10,000 vehicles by 2026.
Coco Robotics raised $80 million to accelerate its AI platform and scale its autonomous delivery fleet. Returning investors Sam and Max Altman, and Pelion participated, and Ryan Graves provided new backing.
The company has completed over 500,000 zero-emission deliveries in cities including Los Angeles, Chicago, Miami, and Helsinki. Coco is expanding to more U.S. markets while growing its international presence, with thousands of vehicles expected to be deployed by the end of 2025 and 10,000 vehicles by 2026.
"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," said Zach Rash, CEO and Cofounder of Coco Robotics, in a press release. "We're now at the forefront of applying AI to solve real, everyday problems in urban logistics, and this funding helps us move faster - from advancing our AI platform to expanding our fleet globally."
Coco is on track to operate the largest autonomous vehicle fleet in the world. Its AI-powered delivery robots are designed to make deliveries faster, cheaper, and more reliably while helping reduce traffic and emissions. Coco also works with platforms like Uber and DoorDash and plans to grow partnerships as cities seek better delivery management methods.
🌀 Tom’s Take:
Reaching 10,000 units would position Coco Robotics as a leader in the autonomous delivery category and reset expectations for how quickly robot delivery can scale in urban environments. It’s an ambitious milestone for any startup, but with Coco’s enterprise partnerships, proven track record, and fresh funding, they have a solid foundation to get there.
Source: PR Newswire / Coco Robotics
