Coco Robotics has raised $80 million to expand its fleet of autonomous sidewalk carts for last-mile delivery, saying the new backing will further advance its AI platform, scale its fleet, and grow enterprise partnerships.
The funding was provided by returning investors Sam and Max Altman, Pelion, Outlander, and SNR, as well as new participation from Offline, DeepWater, and Ryan Graves, formerly Senior Vice President of Global Operations at Uber and now CEO of Saltwater.
According to Los Angeles-based Coco, the company has already completed over 500,000 zero-emission deliveries across U.S. cities like Los Angeles, Chicago, and Miami, as well as in Helsinki, its first European market. The company is now expanding to more U.S. markets while continuing to grow its international presence. With thousands of vehicles expected to be deployed by the end of 2025, Coco is on track to operate the largest autonomous vehicle fleet in the world, it said.
Coco says it is transforming urban logistics with its AI-driven fleet of autonomous robocouriers, designed to make deliveries more efficient, affordable, and reliable while also cutting down on traffic and emissions. Through partnerships with platforms like Uber and DoorDash, Coco’s solutions reimagine how goods move through cities, the company said.
