Home > Brands > Amazon Set To Buy Zoox

Amazon Set To Buy Zoox

SAN FRANCISCO: Amazon has taken a major step towards developing self-driving vehicles, acquiring start-up Zoox, which has been working on an autonomous ride-hailing service.

Amazon said the deal will help bring Zoox’s vision of autonomous ride-hailing to reality. 

Zoox will continue to operate as a standalone business within Amazon.

Terms of the deal weren’t disclosed, but the Financial Times estimated Amazon paid more than US$1.2 billion to acquire the start-up.

It is expected to integrate Zoox’s technology into its logistics network to offer cheaper and faster delivery, as well as – natch! — its cashless grocery stores. 

You may also like
Apple Fails To Materialize As Sonos Buyer, Google Reveals New Competitor
Target Lists Huge Range On Catch After Wesfarmers Buy
Amazon’s First Video Game Moved Into “Closed Beta” Following Poor Reviews
Optus Tests Next-Gen 5G mmWave In Sydney
Amazon Hires Federal Prosecutors To Quash Counterfeit Sellers