Amazon invests in self-driving startup Aurora amid efforts to cut delivery cost

Amazon (AMZN) has been deepening its presence in the transportation sector, after launching its own logistics service last year in a market dominated by parcel giants like FedEx (FDX). Considering the close connection between retailing and transportation, the e-commerce firm this week took baby steps to join the rapidly growing autonomous vehicle sector.

Just days after claiming in a SEC filing that currently, it is competing with the market-leaders in the freight forwarding industry, Amazon invested an undisclosed amount in autonomous transportation startup Aurora Innovation, which is currently valued at $2 billion. In the $530-million funding, a group of venture firms including Sequoia Capital also participated.