Coco raises $80m to expand autonomous delivery

  • June 16, 2025
  • Steve Rogerson

California-based Coco Robotics has raised $80m to expand its autonomous delivery and AI platform.

The funding will be used to accelerate its global footprint as it scales towards 10,000 vehicles by 2026, making it the world’s largest autonomous delivery fleet.

The money will be spent on advancing its AI platform, scaling its fleet and growing enterprise partnerships.

This capital accelerates Coco’s momentum as it builds on a model that already works at scale. The company has completed over 500,000 zero-emission deliveries across major US cities such as Los Angeles, Chicago and Miami, as well as in Helsinki, its first European market. Built around a capital-efficient approach to real-world autonomy, Coco is now expanding to more US 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.

“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 of Coco Robotics. “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.”

Coco is transforming urban logistics with its AI-driven fleet of autonomous robo-couriers, designed to make deliveries more efficient, affordable and reliable while cutting down on traffic and emissions. With established partnerships across platforms such as Uber and DoorDash, Coco offers cost-effective, scalable options that reimagine how goods move through cities. As demand grows for more dependable and economically sustainable logistics, Coco says it is well-positioned to expand enterprise partnerships to meet the evolving needs of urban delivery.

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 at Uber (www.uber.com) and now CEO of Saltwater.

“During my time scaling global ops at Uber, I saw first-hand how hard it is to build logistics systems that work at scale,” said Graves. “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.”

Founded in 2020, Coco Robotics (cocodelivery.com) has completed over 500,000 zero-emission deliveries, serving customers in the USA and Europe.