Amazon to buy Zoox?

Amazon in talks with Self driving car start-up Zoox

Amazon is in advanced talks to acquire Zoox Inc. in a move that would expand the company’s reach in autonomous vehicle technology, WSJ reports.

The companies are discussing a deal that would value Zoox at less than the $3.2B it achieved in a funding round in 2018, according to the report.

Zoox has been working to develop the hardware and software needed to create electric powered robot taxis that would be summoned by a smartphone app starting this year.

An agreement may be weeks away and the discussions could still fall apart, the report added.

Amazon has stepped up its investment in the car sector, participating in a $530 million funding round early last year in self-driving car startup Aurora Innovation Inc.

Both Amazon and Zoox declined a Reuters request for comment.

Be the first to comment

Leave a Reply

Your email address will not be published.


*