A Zoox self-driving test vehicle. Photo: Zoox

Amazon announced a deal to purchase self-driving vehicle technology provider Zoox for upwards of $1 billion.

Why it matters: While Apple, Google and others have invested in self-driving technology, Amazon is the one whose core business could benefit the most, given how much the company spends to deliver goods to consumers.

Zoox CEO Aicha Evans told Axios earlier this year the company was in talks with strategic partners and corporate investors about raising more money. The Wall Street Journal reported last month that Zoox and Amazon were in advanced talks.

Between the lines: Zoox has been by far the most ambitious self-driving tech company as it's been working on developing a fully integrated vehicle, not just the core autonomous technology.

  • Zoox planned from the beginning to develop the technology, build a car and operate a robotaxi service. Not even Waymo is trying to bite off that much (although Cruise is).
  • Developing a car costs billions of dollars, so Amazon will have to invest a lot more if it intends for Zoox to stay on that path.
  • It's unclear what exactly Amazon wants to do with Zoox's technology — use parts of its technology to apply to warehouse robots, delivery vehicles and other needs, or keep its whole project going.
  • Zoox has already raised about $1 billion in funding — and once was valued at $3.2 billion

Amazon's possible purchase of Zoox was first reported by The Information.

Go deeper

Waymo and Volvo to develop electric robotaxi

Photo: Karol Serewis/SOPA Images/LightRocket via Getty Images

Waymo is teaming up with Volvo Cars to develop a self-driving electric vehicle platform for ride-hailing services.

Why it matters: Volvo, owned by China's Zhejiang Geely Holding Group, is the fourth major automaker to align with Waymo.

Updated 13 mins ago - Politics & Policy

Mary Trump book: How she leaked Trump financials to NYT

Simon & Schuster

In her new memoir, President Trump's niece reveals how she leaked hordes of confidential Trump family financial documents to the New York Times in an effort to expose her uncle, whom she portrays as a dangerous sociopath.

Why it matters: Trump was furious when he found out recently that Mary Trump, a trained psychologist, would be publishing a tell-all memoir. And Trump's younger brother, Robert, tried and failed to block the publication of "Too Much and Never Enough: How My Family Created the World's Most Dangerous Man."

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 11,691,068 — Total deaths: 540,062 — Total recoveries — 6,349,542Map.
  2. U.S.: Total confirmed cases as of 3:30 p.m. ET: 2,963,244 — Total deaths: 130,813 — Total recoveries: 924,148 — Total tested: 36,225,015Map.
  3. 2020: Biden releases plan to strengthen coronavirus supply chain.
  4. Congress: Trump administration notifies Congress of intent to withdraw from WHO.
  5. Public health: Fauci says it's a "false narrative" to take comfort in lower coronavirus death rate.
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.