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Amazon could start betting on the auto business

June 29, 2020

The e-commerce giant acquired Zoox, a company dedicated to the development of autonomous vehicles.

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Amazon could start betting on the auto businessAmazon could start betting on the auto business

Although he already seemed to have everything, the giant was from E-commerce, Amazondecided to invest in the development of autonomous vehicles by acquiring the company of American origin, Zoox.

Although the exact amount of the investment from Amazon is not yet known, the newspaper is The Financial Times He estimated the company’s value to be over a billion dollars.

Amazon has already tested various autonomous technologies to deliver packages, from drones to robots that travel miles to deliver orders. With this new investment, Amazon could easily and efficiently develop new technologies to improve its services.

Photo: Zoox via Instagram.

According to an article by The informationZoox had already designed an urban passenger transport vehicle for Amazon.

Although Zoox is no longer an independent company, it remains autonomous and will continue to be managed by Aicha Evans and Jesse Levinson. In addition, investors will get their capital back and generate a positive return.