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Amazon (AMZN), Google (GOOGL) Have New Drone Rival In BIZZBY SKY

Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOGL) may soon have a credible rival in the drone delivery service in London in the form of a company called BIZZBY, Phil Han, said in a report on CNBC.

Amazon, Google, drone delivery, is GOOGL a good stock to buy, is AMZN a good stock to buy, Bizzby

The potential Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOGL) rival has successfully trialed what it calls BIZZBY SKY, a deliver service which it aims to launch in Central London, Han said.

“Drones could soon be flying across Central London delivering packages straight to your home if one tech startup gets clearance for takeoff. BIZZBY said it has successfully trialed a revolutionary new collect and delivery service,” Han reported.

Nonetheless, it is worthy to note that this new service has a fundamental difference to the planned services of Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOGL). Instead of delivering packages bought by customers through online stores, BIZZBY enables a peer-to-peer delivery system using drones, which are expected to take away jobs in the military and other industries in the future.

What this means is that using the company’s application available on smartphones, users can request for a drone which would then fly to them. They would then load a package, up to 500 grams, and then command the drone to deliver the package to another location.

The person on the receiving end is able to watch a live feed of the drone as it zips above streets and buildings on its way to the recipient.

Related:

Google Tests Drone Delivery

Amazon To Launch Drone Delivery In India First, Not US

Nonetheless, it looks like BIZZBY is still quite a significant way from getting this service off the ground and commercially available. As with Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOGL), the company faces regulatory approval for the service to be rolled out to consumers.

John Griffin’s Blue Ridge Capital is an Amazon.com, Inc. (NASDAQ:AMZN) shareholder, reporting ownership of 810,000 shares in the company by the end of the second quarter. Also by that period, Boykin Curry’s Eagle Capital reported owning 791,934 Class A Google Inc (NASDAQ:GOOGL) stock.

 

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