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Amazon acquires the start-up Zoox for more than 1,200 million dollars


Amazon has acquired the 'start up' of autonomous vehicles Zoox, as reported by 'The Information' and 'Financial Times'. FT talks about a price higher than 1,200 million dollars. The agreement will pit Amazon against Waymo, and will mean increasing the presence of the e-commerce giant in the technology of this type of vehicle.

Most Zoox investors will get their money back and some will get a positive return, 'The Information' explained. Investors include DFJ and Atlassian co-founder Michael Cannon-Brooks.

Market Watch reported in late May that the agreement was imminent, although he warned that the conversations could not come to fruition.

Zoox, founded in 2014, has since been working on developing the hardware and software necessary for driverless carsAs robotaxis, they can move and go when called through a mobile application.

Since its last round of financing in 2018, the company had problems moving forward with its projects, which would explain its sale to those of Bezos.


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