Coco Robotics, the autonomous vehicles company for delivery, announced $80 million in strategic financing to advance its AI platform, scale its fleet, and grow enterprise partnerships.
The funding includes 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.
The company has completed more than 500,000 zero-emission deliveries across Los Angeles, Chicago, and Miami, as well as in Helsinki.
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.
“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 co-founder of Coco Robotics, in a statement. “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.”
With partnerships across platforms like Uber and DoorDash, Coco offers solutions that reimagine how goods move through cities.
“During my time scaling global ops at Uber, I saw firsthand how hard it is to build logistics systems that work at scale,” said Ryan Graves, CEO of Saltwater and former SVP of Global Operations at Uber, in a statement. “What impressed me about Coco is their grounded, capital-efficient approach to real-world autonomy. They’re solving some of our most challenging problems for businesses, consumers, and cities today that will define our culture tomorrow.”
