Google Stock – Ocado invests in autonomous vehicle software firm Oxbotica By Reuters
© Reuters. An Ocado delivery van seen driving in Hatfield
LONDON (Reuters) – British online grocer Ocado (LON:) said on Friday it would invest 10 million pounds ($13.8 million) in autonomous vehicle software company Oxbotica as part of a partnership that aims to reduce the cost of last-mile delivery and other logistics.
The partnership would include all aspects of autonomous vehicle development, Ocado said, although vehicles that operated in low-speed urban areas or in restricted access areas, such as inside its fulfillment centres, would become a reality sooner than fully-autonomous deliveries to consumers’ homes.
($1 = 0.7267 pounds)
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