LONDON, April 16 (Reuters) - British online grocer Ocado
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)
(Reporting by Paul Sandle
Editing by William Schomberg)
Ocado (OCDO)