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Amazon mulling bid for autonomous tech startup Zoox | Automotive Industry News

US e-commerce giant Amazon.com Inc is in talks to purchase autonomous driving engineering startup ZooxInc, in accordance to unconfirmed studies citing a individual close to the business.

Amazon is recognized to be just a person of numerous companies to be looking at producing an provide for Zoox. The startup has engaged the companies of Qatalyst Partners to advise it and support examine any delivers.

 “Zoox has been acquiring interest in a strategic transaction from many get-togethers and has been functioning with Qatalyst Partners to examine this kind of interest”, a business spokesperson mentioned devoid of elaborating on any distinct business interest.

Acquiring Zoox would let Amazon to fortify its capabilities in the area of automatic e-commerce shipping. Zoox is regarded as a leading world autonomous engineering business and is recognized to have elevated close to US$1bn in trader funding so much. In 2018 it was valued at as a great deal as US$3.2bn

Zoox aims to have a entirely driverless vehicle operational by the finish of this year.