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Amazon makes funding in Aurora Innovation self-driving automobile firm – Information by Automobilnews.eu

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Amazon makes funding in Aurora Innovation self-driving automobile firm


On-line purchasing and know-how big Amazon final week confirmed that it has invested in a self-driving automobile know-how startup known as Aurora Innovation.

Aurora listed Amazon as considered one of a number of buyers in its newest spherical of fundraising. Aurora’s monetary paperwork present it secured $530 million, however it’s unclear how a lot of that got here from Amazon. The Aurora funding is believed to be Amazon’s first in a agency straight concerned in autonomous vehicles. 

Amazon supplied a press release to CNBC final week and mentioned it is in search of “modern, customer-obsessed corporations” that may assist its personal enterprise. 

DON’T MISS: Particular supply: Amazon can now entry your automobile’s trunk

Amazon spent about $27 billion final yr on delivery and delivering items and merchandise from its warehouses and from its Complete Meals grocery retailer subsidiary. Self-driving supply automobiles might slash that determine, although it might come on the expense of many roles for drivers.

Aurora Innovation has made a reputation for itself as one of many extra distinguished startup corporations engaged on self-driving automobile know-how. It holds partnerships with VW, Hyundai, and China’s Byton. The corporate does not plan to develop {hardware} for its personal automobile, however as an alternative, deal with software program and let its partnerships with OEMs understand the ultimate bundle. VW reportedly tried to outright buy Aurora to catch up within the autonomous car applied sciences sector, however the agency declined.

Different buyers who funded Aurora within the newest spherical of funding included enterprise capital agency Sequoia and the funding arm of Shell Oil.

Amazon makes funding in Aurora Innovation self-driving automobile firm – Information by Automobilnews.eu
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