UK's Ocado invests in Wayve for autonomous grocery deliveries

UK's Ocado invests in Wayve for autonomous grocery deliveries

UK's Ocado invests in Wayve for autonomous grocery deliveries

Information about UK's Ocado invests in Wayve for autonomous grocery deliveries

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By Nick Carey
LONDON (Reuters) – British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to develop autonomous grocery deliveries that can handle tough traffic on busy city streets.
Wayve’s technology will be used in a 12-month autonomous delivery trial using a number of Ocado delivery vans on busy London routes, with a human driver overseeing the tests, the two companies said on Wednesday.
“This is a recognition that we’re uniquely positioned to build a technology than can deliver for the last-mile delivery space as well adapt and scale globally,” said Alex Kendall, CEO of London-based Wayve.
The investment from Ocado brings Wayve’s total funding raised so far to $60 million.

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