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    3382   JP3422950000

SEVEN & I HOLDINGS CO LTD

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Nuro, 7-Eleven launch California autonomous delivery service with safety drivers

12/01/2021 | 08:51am EST
Nuro, 7-Eleven launch California autonomous delivery service with safety drivers

SAN FRANCISCO (Reuters) - Self-driving tech startup Nuro said on Wednesday it was rolling out California's first commercial autonomous delivery service in partnership with 7-Eleven, a convenience store operator.

Nuro and rivals such as Waymo are launching or planning to launch autonomous delivery services with regulatory approval in the United States, though the services are limited or not in the form of driverless vehicles.

The service will start with Toyota Priuses converted into autonomous vehicles and include a safety driver to monitor the technology, Nuro said.

"The Priuses are the first step in Nuro's multi-phase approach to introducing commercial autonomous delivery to select service areas," Nuro said in a statement, adding that the company and 7-Eleven will make the joint decision to introduce Nuro's R2 driverless vehicles "as soon as possible."

The service will be available to customers in Mountain View where Nuro is headquartered. It is already delivering Domino's Pizza products in Houston, Texas, using its Prius and R2 vehicles, Nuro said.

7-Eleven is a unit of Japan's Seven & I Holdings Co.

Nuro was the first autonomous vehicle startup to get a permit to use automated vehicles for business from the California Department of Motor Vehicles last year in December. Two other companies, Cruise and Waymo, received their permits in September.

Nuro said earlier this month that it raised $600 million and brought on Alphabet Inc's Google as an investor.

Alphabet's self-driving unit Waymo will deliver groceries ordered from one of the Safeway stores in San Francisco, using its automated vehicles, Tekedra Mawakana, co-CEO of Waymo, told a Forbes event on Tuesday.

Waymo said the service will start in early 2022 and will be available to select Waymo and Safeway employees before being introduced to more customers.

Waymo, which plans to use Jaguar I-PACES automated vehicles with safety drivers, said this marks the first autonomous grocery delivery experience in San Francisco.

(Reporting by Jane Lanhee Lee,; Hyunjoo Jin and Paresh Dave; Editing by Muralikumar Anantharaman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.65% 2702.33 Delayed Quote.-6.11%
SEVEN & I HOLDINGS CO LTD 0.92% 5148 Delayed Quote.2.65%
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Financials
Sales 2022 8 412 B 73 569 M 73 569 M
Net income 2022 211 B 1 848 M 1 848 M
Net Debt 2022 1 371 B 11 988 M 11 988 M
P/E ratio 2022 21,3x
Yield 2022 2,01%
Capitalization 4 499 B 39 384 M 39 352 M
EV / Sales 2022 0,70x
EV / Sales 2023 0,58x
Nbr of Employees 58 975
Free-Float 83,9%
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Seven & i Holdings Co Ltd Technical Analysis Chart | 3382 | JP3422950000 | MarketScreener
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Number of Analysts 14
Last Close Price 5 095,00 JPY
Average target price 6 295,00 JPY
Spread / Average Target 23,6%
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Managers and Directors
Ryuichi Isaka President & Representative Director
Yoshimichi Maruyama General Manager-Finance & Accounting
Toshiro Yonemura Independent Outside Director
Kunio Ito Independent Outside Director
Yoshio Tsukio Independent Outside Director
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