A Major Boost from High-Profile Investors
Venice Beach-based startup Coco Robotics, known for its fleet of small electric delivery robots, has raised $80 million in fresh funding. This latest investment round was led by venture capital firm SNR, with participation from Pelion Venture Partners, Offline Ventures, and Max Altman, the brother of OpenAI founder Sam Altman, who also backed the round. The recent capital injection brings Coco’s total funding to over $110 million since its founding in 2020.
From Santa Monica to Venice Beach
Coco Robotics recently relocated its headquarters from Santa Monica to Venice Beach, signaling a new phase of growth and development. The startup, which originally launched in the heart of Southern California’s tech hub, is expanding its footprint not just in terms of geography but also in its delivery network, partners, and scale of operations.
A Fleet of 1,300 Electric Robots on City Streets
Currently, Coco operates a fleet of approximately 1,300 cooler-sized electric robots across major cities including Los Angeles, Miami, Chicago, and Helsinki. These robots are designed to handle food and package deliveries efficiently across urban landscapes. Despite the buzz around autonomy in robotics, Coco’s delivery vehicles remain human-operated, offering a practical, semi-automated approach to urban logistics.
Integrated with Uber and DoorDash
Coco has made strategic inroads into the broader logistics ecosystem by integrating its service with platforms like Uber Technologies Inc. and DoorDash Inc. This allows users to order from their favorite services while benefiting from the efficiency and novelty of Coco’s delivery bots. By blending into existing delivery infrastructure, Coco positions itself as a flexible and scalable partner for major industry players.
A Proven Track Record: Half a Million Deliveries
Since launching in 2020, Coco’s robots have completed more than 500,000 deliveries, covering over 1 million miles in the process. These numbers underscore the company’s growing operational experience and provide strong proof of concept for investors and partners alike. With this kind of mileage, Coco is demonstrating that human-operated delivery robots can offer reliability and consistency at scale.
The Road Ahead
With fresh funding, a growing fleet, and major logistics partners, Coco Robotics is gearing up for its next chapter. The startup plans to further refine its delivery systems, expand to new cities, and continue building a network that balances human oversight with robotic efficiency. As cities seek sustainable and low-emission delivery solutions, Coco’s electric robot fleet presents a timely answer to the evolving demands of urban logistics.
