Coco Robotics raised $80 million in strategic funding to scale its sidewalk delivery robots, advance its AI platform, and grow enterprise partnerships.
The CEO of Coco Robotics, Zach Rash, emphasized the importance of building technology and a business model based on current unit economics.
Coco Robotics has completed over 500,000 zero-emission deliveries in major U.S. cities and Helsinki, expanding globally.
The company plans to deploy thousands of vehicles by the end of 2025 to create sustainable last-mile logistics solutions.
Partnerships with companies like Uber and DoorDash have helped Coco Robotics in scaling its autonomous delivery robots.
Coco has expanded its partnership with DoorDash, enabling customers in Los Angeles and Chicago to access their fleet through the DoorDash app.
Other companies like Starship Technologies, Serve Robotics, and Kiwibot are also working on automated last-mile delivery solutions.
Starship Technologies and Serve Robotics have completed millions of deliveries, while Kiwibot focuses on the college campus market.