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Big Law

Amazon in Talks to Acquire Autonomous Vehicle Startup Zoox

Amazon is in advanced talks to acquire self-driving car startup Zoox as it looks to expand its autonomous vehicle capabilities to address massive delivery costs, according to the Wall Street Journal.

Amazon has already invested heavily in autonomous technology. It was part of a 2019 funding round for Aurora Innovation which raised over $530 million, and was lead investor in a $700 million funding round raised by Rivian Automotive LLC.

Zoox told the WSJ in a statement it “has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest.”

 

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