Report: Amazon To Buy Startup Zoox

According to a recent media report, Amazon has reportedly agreed to buy self-driving startup Zoox Inc. in a deal worth more than $1 billion that gives the company options to use autonomous technology in either ride-hailing or its delivery network.

The online retailer has stepped up its investment in the car sector, also participating in self-driving car startup Aurora Innovation’s $530 million funding round early last year, the report said.

Zoox CEO Aicha Evans and its co-founder and chief technology officer, Jesse Levinson, will continue to lead the company as a standalone business, the companies said.