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marzo 25, 2021 - Toyota

Woven Capital Makes Its First Investment, Backing Nuro

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Tokyo, Japan, (March 25, 2021)―Woven Capital, L.P. ("Woven Capital"), an $800 million global investment fund that supports growth-stage companies in #mobility, made an equity investment in #Nuro, Inc. ("Nuro"), a leading 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.

This marks the first investment from #wovencapital. 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. The move by #wovencapital reflects their commitment to backing companies which develop innovative technologies and #business models that further #mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities.

Comment from #georgekellerman, Managing Director, Woven Capital

"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 U.S. brands, they are revolutionizing 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. #wovencapital is excited about supporting Nuro's next wave of growth, since Woven Planet Group's own broader vision of safe #mobility for all makes #Nuro a natural fit for our first investment."

Comment from #daveferguson, Co-founder and President, Nuro

"Woven Capital's focus on safe #mobility and leading-edge #technology, as well as their roots in #Toyota, make them an ideal investment partner. Their team has a deep understanding and appreciation of our work to create a real world, autonomous #delivery service, and with their backing, we are excited to shape the future of #mobility and improve people's lives."