Amazon invested in autonomous vehicle firm to strengthen their fulfilment

No primary category set

Amazon have invested in an autonomous vehicle firm, Aurora in a bid to strengthen their fulfilment possibilities.

The self-driving company said that it received more than $530m (£408m) in funding from  Amazon’s investors and renewable energy company, Sequoia. Both companies declined to reveal how much investment came from the marketplace.

This funding and partnership will accelerate our mission of delivering the benefits of self-driving technology safely, quickly, and broadly.”
– Aurora

We are always looking to invest in innovative, customer-obsessed companies, and Aurora is just that.Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive, whether it’s in a fulfillment center or on the road, and we’re excited about the possibilities.
– Amazon

This news comes as Amazon added fulfilment and logistics” companies for the first time to a list of industries that present “intense competition” to the marketplace.

RELATED POSTS..

Amazon launches South Africa with Ireland coming

Amazon launches South Africa with Ireland coming

Sean Taylor and Zehra Hicks 2024 Oscar’s Book Prize winners

Sean Taylor and Zehra Hicks 2024 Oscar’s Book Prize winners

Amazon Vendor vs 3P selling and the hybrid approach

Amazon Vendor vs 3P selling and the hybrid approach

Amazon Introduces Low-Cost Grocery Delivery Subscription in US

Amazon Introduces Low-Cost Grocery Delivery Subscription in US

Amazon 2023 Stats and Performance

Amazon 2023 Stats and Performance

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars