Amazon Snaps Up Option to Buy Stake in AI Truck-Driving Startup

Amazon.com Inc. has placed an order for 1,000 autonomous driving systems from self-driving truck technology startup Plus and has acquired the option to buy a stake of as much as 20%, Plus said in a regulatory filing, confirming an earlier Bloomberg report.

Amazon has the right to buy preferred shares of Plus via a warrant at a price of $0.46647 per share, the filing shows. That amounts to a roughly 20% stake based on Plus’s shares outstanding before its planned merger with special purpose acquisition company Hennessy Capital Investment Corp. V.

The Sequoia Capital China-backed company, which is ...