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Nuro acquires autonomous trucking firm Ike

Nuro, the autonomous vehicle company piloting grocery delivery services with retailers like Kroger and Walmart, has acquired self-driving truck firm Ike.

Nuro, headquartered in Mountain View, CA, has focused on autonomous local deliveries, while Ike, based in San Francisco, has focused on long-haul freight.

The two companies have worked together in the past, with Nuro exchanging an equity stake in Ike through licensing Nuro’s technology, but had remained independent.

“We have maintained a close relationship ever since – sharing a Slack channel and serving as advisors to one another,” said Nuro CEO Dave Ferguson in a blog post. “Having Ike join us in accelerating our progress is a truly special moment that feels a bit like a homecoming.”

Nuro also recently raised a new round of Series C funding totaling $500 million led by T. Rowe Price, and was granted the first permit to deploy autonomous vehicles on public streets in California.

Pamela Riemenschneider is the Retail Editor for Blue Book Services.