Amazon’s $1 billion investment fund, dedicated to last-mile technology and autonomous vehicle startups, has been steadily increasing its activity after an initial slow period. In its first year, the fund allocated approximately $110 million, as reported by The Wall Street Journal in June. This was a result of internal discussions between the company’s venture unit and corporate development unit on investment strategies.
Recently, the fund has accelerated its pace, making notable investments in Instock, which has developed a robotic storage and retrieval system, and Rightbot, known for its automated container unloading system.
The fund aims to be recognized as a leading venture investor in the fields of robotics, fulfillment, and logistics for startups of various sizes, according to a statement by Bossart. A key focus is on collaborative technology that allows humans to work alongside robotic systems. Bossart emphasizes the industrial potential of such technology, noting its ability to enhance operational efficiency and safety.
Amazon’s investment approach through this fund has largely targeted early-stage startups. However, the e-commerce giant is also considering larger, multi-million dollar investments in more established companies, as indicated on the fund’s website. In a recent interview with TechCrunch, Bossart expressed a desire for the fund’s portfolio to gradually include more investments in later-stage startups.
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