Autonomous delivery company Coco Robotics has secured $80 million in new financing to expand its AI platform, grow its fleet of vehicles, and build new enterprise partnerships, the company said on Saturday. The investment, led by existing and new backers including Sam and Max Altman and former Uber executive Ryan Graves, reflects growing confidence in the startup’s real-world approach to autonomous logistics.
Coco, which has completed over 500,000 zero-emission deliveries across major cities in the United States and Europe, said the new capital will help it reach a goal of operating 10,000 vehicles by 2026. That milestone would position the firm as the world’s largest operator of autonomous delivery vehicles.
“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 Cofounder of Coco Robotics.
The Los Angeles-based company currently operates in cities such as Chicago and Miami, with its first international presence in Helsinki. Its autonomous vehicles are aimed at streamlining last-mile logistics while reducing traffic congestion and emissions. Strategic partnerships with platforms like Uber and DoorDash have enabled it to scale efficiently.
“What impressed me about Coco is their grounded, capital-efficient approach to real-world autonomy,” said investor Ryan Graves. “They’re solving some of our most challenging problems for businesses, consumers, and cities today that will define our culture tomorrow.”
Coco plans to use the funding to further penetrate the U.S. market and accelerate expansion across Europe, positioning itself as a key player in the growing demand for sustainable and reliable urban delivery services.