Amazon in talks to buy autonomous vehicles platform

Amazon is reported to be in discussions to acquire autonomous vehicle platform company Zoox for a below market value price of $3.2 billion according to US media reports.

Zoox has developed self-driving vehicle technology from the ground up. Other media reports suggest that the acquisition would feed into Amazon’s plans to move toward fully autonomous last mile deliveries.

Amazon has invested heavily in electric van makers Rivian and in September last year made an order for 100,000 of its vehicles. Industry watchers suggest that the Zoox technology would be plugged into these vehicles.

Morgan Stanley’s Adam Jonas wrote, “”Following on from Amazon’s commitment to buy 100,000 Rivian delivery vans between 2021-24, a potential Zoox transaction could make those custom vans autonomous as well. Together with Amazon’s foray into autonomous line-haul trucking (Amazon’s Self Driving Trucks and Autonomous Delivery Bots, Embark Releases AV Data, Boeing’s Heavy Delivery Drone, CES Updates and More…) this could give Amazon autonomous middle-mile and last-mile capability.”

Such transactions make headlines and then go quiet for a while while the true plans are developed. As ever it remains what to be seen what actually transpires…

Share

Comments are closed.