News

Amazon to acquire autonomous vehicle start-up in $1.45 billion deal

Amazon has agreed to purchase US-based self-driving start-up Zoox for a reported $1.45 billion. This deal further grows the e-commerce giants expansion into the autonomous vehicle sector.

Zoox started in 2014 with the vision of purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack. Zoox’s ground-up vehicle focuses on the ride-hailing customer, with tightly integrated features designed to provide a revolutionary passenger experience.

Aicha Evans, Zoox CEO, and Jesse Levinson, Zoox co-founder and CTO, will continue to lead Zoox as a standalone business as they innovate and drive towards their mission.

“Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience. Like Amazon, Zoox is passionate about innovation and about its customers, and we’re excited to help the talented Zoox team to bring their vision to reality in the years ahead,” Jeff Wilke, Amazon’s CEO, Worldwide Consumer said.

“This acquisition solidifies Zoox’s impact on the autonomous driving industry. We have made great strides with our purpose-built approach to safe, autonomous mobility, and our exceptionally talented team working every day to realise that vision. We now have an even greater opportunity to realize a fully autonomous future,”  Aicha Evans, CEO of Zoox said.

Zoox’s approach to invention provides flexibility and the means to iterate rapidly to continuously deliver a superior experience for customers.

©2019 All Rights Reserved. MHD Magazine is a registered trademark of Prime Creative Media.