Amazon’s Industrial Innovation Fund Expands Focus to Transportation Tech

  • Date: 01/22/2024

Amazon’s industrial innovation fund is evolving to include transportation technologies in its investment categories.

The Amazon Industrial Innovation Fund, which launched in April 2022, is a $1 billion venture investment program supporting emerging technology companies. The fund focuses on supporting innovative startups in transportation, and will now include solutions such as autonomous vehicles and last-mile technologies.

The fund's stated purpose is to support advances in warehouse automation and supply chain innovation, with a specific emphasis now on artificial intelligence and machine learning.

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