Categories: Business

Amazon says will buy self-driving tech startup Zoox

Photo: AP

Amazon to acquire startup Zoox

new Delhi. Amazon is going to buy Zoox, a startup working on the technology of self-driving cars. According to reports, the entire deal is worth about $ 100 million. With the deal, Amazon will have full control over startups with 1000 employees. The startup is developing electric self-driving car technology. At present, Amazon has not disclosed the amount on its behalf, although the signs of this deal were started from last month itself.

Before the deal, it was believed that Amazon wanted to move forward on the technology for delivery of its goods as home delivery from drones and robots had their own limitations on weight. However, there is now indication that Amazon wants to build a robot taxi fleet on the lines of Alphabet's Waymo.

Zoox is currently working on a technology in which the car has no steering wheel and the car can move in both directions, saving time to reverse the cars. The company was scheduled to begin its test in 2020, though the test has been affected due to the Corona crisis. The company had to lay off all its contract employees in April due to the lockdown.

Amazon has made it clear that Zoox's team will continue to work under the leadership of the current CEO. The Chief Technology Officer will also remain there. According to reports, Amazon will run Zoox as an independent subsidiary after the deal.

This post was published on June 26, 2020 9:01 pm

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