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Ocado Invests £ 10m in Self-Driving Car Company Oxbotica-Latest Retail Technology News from All Over the World

Ocado has announced plans to invest £ 10 million in self-driving car software company Oxbotica to reduce operating and shipping costs.

This partnership, which includes aspects of self-driving cars, will be used throughout the online supermarket business, from within fulfillment centers to last-minute deliveries and “curb-to-kitchen” robots.

However, vehicles operating in slow urban areas and areas with restricted access become a reality faster than fully autonomous delivery to consumer homes.

According to the company, the first prototype of self-driving cars will be available within the next two years.

“This is a great opportunity for Oxbotica and Ocado to strengthen their partnership and share their vision for the future of autonomy,” said Paul Newman, co-founder and chief technology officer of Oxbotica.

“We hope to combine the cutting-edge knowledge and resources of both companies to realize the vision of Universal Autonomy and continue to solve some of the world’s most complex autonomy challenges.”

Alex Harvey, Chief Technology Officer at Ocado, said: It offers a wide range of options and flexibility to all end customers. “

This news was announced when Octado Retail almost reported Last quarter revenue up 40%..

Ocado’s retail division, co-operated with Marks & Spencer, celebrated another strong quarter with revenues of £ 599m, up 39.7% in the three months to February 28.

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Ocado Invests £ 10m in Self-Driving Car Company Oxbotica-Latest Retail Technology News from All Over the World

Source link Ocado Invests £ 10m in Self-Driving Car Company Oxbotica-Latest Retail Technology News from All Over the World

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