Tech Rushi

Amazon acquires self-driving start-up Zoox for over $1.2bn Deal is ecommerce group’s biggest investment in autonomous vehicle sector JUNE, 28, 2020 Zoox technology could be used to expand Amazon’s delivery fleet, though one person familiar with the deal expects the ecommerce group to push into ride-hailing Also, Twitter says about Amazon will acquire self-driving start-up Zoox for more than $1.2bn, marking the ecommerce group’s biggest investment into the autonomous vehicle sector. Amazon intends to work with Zoox to create a fleet of self-driving taxis, in competition with Alphabet’s Waymo, said one person familiar with the deal. But analysts also suggested that Amazon may use Zoox to build self-driving delivery vehicles. Amazon has also bought smaller stakes in electric truckmaker Rivian and the self-driving start-up Aurora. Zoox will operate as a standalone business, Amazon said, with its leadership unchanged. “Zoox is working to imagine, invent, and design a world-class autonomous