A Los Angeles-based robotics startup is making waves in the delivery sector with its eco-friendly approach. Coco Robotics announced an $80 million funding round that will accelerate development of its zero-emission delivery robots and expand market reach.

Since launching in 2020, Coco's autonomous vehicles have successfully completed more than 500,000 deliveries across urban environments. The latest investment comes from prominent backers including OpenAI CEO Sam Altman and his brother Max Altman, alongside venture firms Pelion Venture Partners and Offline Ventures.

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The company's distinctive robots carry up to 90 liters of goods while producing no emissions. Major partners include national chains like Subway, Wingstop, and Jack in the Box - relationships that demonstrate growing commercial acceptance of robotic delivery solutions.

What sets Coco apart is its dual focus on sustainability and technology integration. The startup maintains a strategic partnership with OpenAI that goes beyond simple technology licensing. Coco provides valuable real-world operational data to help train AI models, while benefiting from OpenAI's cutting-edge research.

Founders Brad Squicciarini and Zach Rash have built a company that merges environmental consciousness with technological ambition. With this latest capital infusion bringing total funding to $120 million, Coco plans aggressive expansion in the competitive last-mile delivery space.

The market for autonomous delivery solutions continues heating up as businesses seek alternatives to traditional methods. Coco's zero-emission approach addresses both environmental concerns and the growing demand for contactless services in urban areas.

Key Points

1. $80 million funding round brings Coco Robotics' total capital to over $120 million
2. Delivery robots have completed 500,000+ emissions-free deliveries since 2020 launch
3. Strategic partnership with OpenAI enables technology and data sharing
4. Commercial partnerships include major chains like Subway and Wingstop
5. Expansion plans aim to capture larger share of growing autonomous delivery market