Fiat Chrysler Automobiles (FCAU - Get Report) is teaming with Aurora, an autonomous vehicle technology startup backed by Amazon.com (AMZN - Get Report) and venture capital firm Sequoia Capital, to develop self-driving vehicles that can be used for commercial deliveries of consumer goods.
The partnership will focus on integrating Aurora's technology into Fiat Chrysler's line of Ram Truck cargo van and other commercial vehicles, the companies said in a joint statement.
The deal with Aurora aims to use the company's technology to develop and implement self-driving vehicles for third-party consumer delivery purposes.
Terms of the deal weren't disclosed.
We now have 250+ employees across our offices and today we're welcoming some new senior leaders who will help inform government regulations, build out the transportation ecosystem, and design new rider experiences for vehicles powered by the Aurora Driver. https://t.co/hkGzFrGMyO— Aurora (@aurora_inno) May 14, 2019
Fiat Chrysler has an existing partnership with Alphabet's (GOOGL - Get Report) autonomous vehicle technology company Waymo, though that partnership is focused on different aspects of self-propelled home delivery.
Amazon, meanwhile, is laser-focused on figuring out how to get stuff to consumers fast, safely, and inexpensively. The company last week debuted a new hybrid drone that can deliver small packages of up to 5 pounds.
Shares of Fiat Chrysler gained 2.58% to $13.54 in early trading in New York. Shares of Alphabet were up 1.19% at $1,081.14; shares of Amazon gained 2.01% to $1,840.22.