Amazon to Acquire Self-driving Startup, Zoox for Over $1.2 billion

Amazon will be acquiring self-driving car startup, Zoox in a deal worth over $1.2 billion (₦464 billion)

This new deal would give Amazon the control over 1,000-person startup that has been working on an electric self-driving vehicle. This would be Amazon’s biggest investment yet-in self-driving car technology and one of the biggest purchases. Amazon’s plan for the technology company however remains unclear.

The news report has it that it could be used for independent deliveries like a drone, and robot, delivery projects while the acquisition will be used for the production of an independent ride-hailing fleet to go head to head with the likes of  Alphabet’s Waymo.

Zoox has been working on a bi-direction vehicle with no steering wheel or front or back end, which allows you to travel comfortably in either direction which the company said would be tested in 2020.Zoox

Amazon is expected to let Zoox run as an independent subsidiary after the purchase which is similar to the way Twitch operates. Amazon will be spending billions to bring Zoox’s vehicle to the market.

This is not the first time Amazon has invested in self-driving car technology. Just last year, it took part in a funding round for Aurora Innovation, an independent tech startup directed by the former head of Google’s self-driving car project.

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments