NEWS COMMENTARY

Amazon reported to be in talks with autonomous vehicle company Zoox for potential acquisition

Published:
May 28, 2020
Coverage:
Digital Transformation More...
Activities:
Other
by Lewie Roberts
Average importance

While there is no confirmation of any deal, Lux does expect Zoox to be acquired at some point (even if it is not by Amazon). The company's approach to autonomous vehicle development includes building its own specialized electric powertrains, and such activity requires far more capital than Zoox has at its disposal. However, with most auto OEMs already having established partnerships, less traditional mobility players like Amazon are more likely to make the purchase. The company's focus on difficult urban areas like San Francisco could make it particularly appealing to those operating within the last-mile delivery markets.

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