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Amazon can complete the purchase of the Zoox autonomous vehicle launch

May 28, 2020

If these negotiations took place, the e-commerce giant would save at least $ 20 billion in shipments annually.

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Amazon can complete the purchase of the Zoox autonomous vehicle launch
Amazon can complete the purchase of the Zoox autonomous vehicle launch


The e-commerce giant Amazon is in advanced negotiations to acquire Zoox, a driverless vehicle startup that aims to expand the reach of the e-commerce giant in the automotive world.

The companies are negotiating a deal that Zoox would value in less than $ 3.2 billion it reached in a 2018 funding round, friends said.

Zoox was founded in 2014 and works on the development of the software and hardware required for the creation of electric robot taxis, which are to be requested via an app from this year.

Other automotive and semiconductor companies have also had discussions with Zoox about a potential investment, according to the same sources. Even a company like Amazon has offered to buy the startup. However, it wouldn’t be willing to sell for less than $ 1 billion, the amount it has raised so far.

Image: Zoox

Why is this purchase convenient for Amazon? If this negotiation is conducted, billions of dollars could be saved in a year since then Shipping According to analysts, it is one of the biggest expenses for the company led by Jeff Bezos.

These could reach $ 90 billion in the coming years. “An autonomous driving offer could save the company more than $ 20 billion a year,” Morgan Stanley internet, car and transportation analysts said in a report.

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