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  • Writer's pictureOlivia Nguyen

Amazon buys autonomous driving technology company, Zoox (2020.06)

Amazon has agreed to pay roughly $1.2B USD for self-driving startup Zoox. Though Amazon has invested in self-driving startups such as Aurora Innovation and Rivian Automotive before, acquisition of Zoox marks Amazon’s first acquisition in an autonomous ride-hailing company. Though it is not immediately clear as to what Amazon plans to do with Zoox’s technology, the technology could offer cheaper and faster delivery by combining the technology with its logistics network as well as cashier-less grocery stores.

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