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Ocado Invests 13.6M Dollars in Wayve for Autonomous Grocery Delivery; Alex Harvey and Alex Kendall Comment

Ocado Invests 13.6M Dollars in Wayve for Autonomous Grocery Delivery; Alex Harvey and Alex Kendall Comment


LONDON, ENGLAND
Tuesday, October 12th, 2021

Autonomous cars are definitely progressing at a fast rate, and retailers are betting on the technology to drive sales forward. British online grocer Ocado recently invested a total of $13.6 million (£10 million) in Wayve, a self-driving technology startup that will allow the company to significantly bolster its delivery services.

Alex Harvey, Head of Advanced Technology, Ocado“We’ve been impressed with Wayve's approach to solving [the] most complex of challenges and are excited to accelerate our capabilities so that our retail partners globally can take advantage of them at the earliest opportunity,” Ocado’s Head of Advanced Technology Alex Harvey said in a statement to Reuters.

Utilizing Wayve’s technology, Ocado will conduct autonomous delivery trials with several of its delivery vans on busy London routes. The company’s innovative technology relies on machine learning that uses camera sensors fitted on the outside of the vehicle to achieve autonomous driving on busy city streets with tough traffic. A human driver will oversee the tests as the trial kicks off.

Ocado recently invested $13.6 million (£10 million) in Wayve, a self-driving technology startup that will allow the company to significantly optimize its delivery services

In addition, Wayve will also be retrofitting Ocado vehicles with its data collection devices and cameras to further understand how human drivers handle traffic, allowing Wayve to train its own system to deal with the complexities that come with driving on busy roads.

Alex Kendall, Chief Executive Officer, Wayve“Ocado Group has been driving innovation in global grocery logistics for decades. Their cutting-edge approach to grocery operations and international reach aligns strongly with Wayve’s culture and global ambitions,” Alex Kendall, Chief Executive Officer of Wayve, said in a statement to TechCrunch. “I am incredibly excited to collaborate with Ocado Group and learn from their vast expertise. Globally, there is huge momentum to transform mobility in grocery operations right now. We are focused on delivering an autonomous last-mile solution to support the needs of grocery retailers everywhere. Through this partnership with Ocado Group, we aim to unlock autonomous delivery faster in more places worldwide.”

Earlier this year, Ocado revealed other key investments in autonomous grocery delivery, funneling another $13.6 million into autonomous vehicle software company Oxbotica as part of a strategy to reduce the cost of last-mile delivery and other logistics.

The partnership with Oxbotica will initially focus on Ocado’s U.K.-based operations and then extend to U.S. customers such as grocery chain Kroger.

Deli Market News will keep an eye out and our ears open for the latest retail news to hit the wire.

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