FILE PHOTO: An Ocado delivery van is seen driving in Hatfield, Britain February 26, 2021. REUTERS/Matthew Childs
LONDON (Reuters) - British online grocer Ocado will invest 10 million pounds ($13.8 million) in autonomous vehicle software company Oxbotica as part of a tie-up that aims to reduce the cost of last-mile delivery and other logistics, it said on Friday.
The partnership would include all aspects of autonomous vehicle development, Ocado said, though vehicles that operated in low-speed urban areas or restricted-access areas, such as inside its fulfilment centres, would become a reality sooner than fully autonomous deliveries to consumers' homes.
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