Coco Robotics, a Los Angeles-based startup focusing on last-mile delivery robots, has successfully raised $80 million in funding, bolstering its total to over $120 million. Notable investors include angel investors Sam and Max Altman, along with VC firms like Pelion Venture Partners. Their zero-emissions robots, which can carry up to 90 liters of goods, have completed more than 500,000 deliveries since 2020, serving major retailers like Subway and Wingstop. A strategic partnership with OpenAI enhances their operations by integrating AI technology, providing mutual benefits through real-world data collection.
Coco Robotics has successfully secured $80 million in funding, bringing its total raised to over $120 million as it enhances its last-mile delivery operations.
The company has achieved significant milestones with more than 500,000 deliveries using their zero-emissions robots, partnering with major retailers like Subway and Wingstop.
Sam Altman and other angel investors contributed to the funding, showing confidence in Coco's business model, while OpenAI benefits from the real-world data the robots gather.
Founded in 2020, Coco Robotics aims to reshape the delivery landscape, addressing the growing demand for environmentally friendly logistics solutions.
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