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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Domino's and Nuro to start robot pizza delivery in Houston

04/12/2021 | 11:28am EDT

SAN FRANCISCO, April 12 (Reuters) - Domino's Pizza Inc and Nuro Inc, a Silicon Valley startup, said on Monday they will launch a robotic pizza delivery service in Houston this week as they seek to satisfy increasing online orders during the pandemic.

With small, low-speed vehicles to carry packages instead of people, Nuro has been pulling ahead of other autonomous vehicle startups in gaining regulatory approvals. It won U.S. clearance last year to start unmanned delivery services.

Nuro recently secured a $500 million including an equity investment from Woven Capital, the mobility investment arm of a Toyota Motor Corp subsidiary, which made its total valuation more than $5 billion, a person familiar with the matter said.

The delivery service will begin at a Domino's outlet in Houston before expanding to serve customers in many other locations as part of a long-term partnership, said Cosimo Leipold, Nuro’s head of partner relations.

"It’s generally difficult for large companies to hire enough drivers to fill their delivery demand," Leipold said in an emailed statement to Reuters.

Leipold said Nuro, which has already partnered with retailers Kroger Co, Walmart Inc and CVS Health Corp to deliver groceries and prescriptions, said its weekly deliveries had nearly tripled in the first three months of the pandemic.

Houston, the fourth-largest U.S. city, has one of the country's highest road fatality rates. "Houston’s roadways create challenging scenarios for our technology to work with," Leipold added.

Nuro and Domino’s had said in 2019 they expected to launch robot pizza delivery late that year. "Nuro and Domino’s have taken a measured approach to prioritize a smooth and safe deployment," Leipold said.

Nuro, founded by two former Google engineers in 2016, previously raised $940 million from the SoftBank Vision Fund. (Reporting by Hyunjoo Jin in San Francisco Editing by William Mallard and David Holmes)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.58% 2712.6 Delayed Quote.53.89%
SOFTBANK GROUP CORP. -0.73% 6911 End-of-day quote.-14.23%
THE KROGER CO. 3.93% 42.62 Delayed Quote.29.12%
TOYOTA INDUSTRIES CORPORATION -0.52% 9630 End-of-day quote.17.58%
TOYOTA MOTOR CORPORATION 0.25% 10055 End-of-day quote.26.37%
WALMART INC. 1.13% 143.82 Delayed Quote.-0.23%
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Financials
Sales 2022 31 029 B 285 B 285 B
Net income 2022 2 632 B 24 138 M 24 138 M
Net Debt 2022 18 904 B 173 B 173 B
P/E ratio 2022 10,8x
Yield 2022 2,83%
Capitalization 28 091 B 258 B 258 B
EV / Sales 2022 1,51x
EV / Sales 2023 1,43x
Nbr of Employees 366 283
Free-Float 72,0%
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Number of Analysts 22
Last Close Price 10 055,00 JPY
Average target price 10 921,05 JPY
Spread / Average Target 8,61%
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Managers and Directors
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
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