Amazon Zoox

Amazon acquires self-driving startup Zoox for $1.2B. First robo-taxis, then robo-delivery?

“The plan is for Zoox to continue development of its robot taxi, an electric vehicle that it has been working on, with Amazon investing money in Zoox so it can deploy these vehicles.” (WSJ) This move could have a host of implications for the tech giant. Near term, Zoox may continue paving the way for a potential Amazon robo-taxi service (think “Prime Rides”).Once better established, we think autonomous vehicles have potential to increase the cost efficiency of shipping and improve profitability for one of Amazon’s primary services: package delivery.

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