This futuristic car could solve a multibillion-dollar problem facing Amazon, Walmart, and Target

This futuristic car could solve a multibillion-dollar problem facing Amazon, Walmart, and Target

• The company behind Walmart's pickup towers has developed a self-driving car that delivers packages to homes and businesses.

• The car uses a robotic arm to place the packages in pickup lockers outside homes and businesses. Eventually, it will be able to deliver to mailboxes and pickup towers as well.

• Autonomous delivery could be a boon for retailers, which have seen shipping costs balloon in recent years.

The company behind Walmart's pickup towers has developed a self-driving car that could upend the last-mile delivery industry.

The car, called Lotte, is a robotic courier. It autonomously transports packages to homes and businesses and uses a robotic arm to place the packages in a pickup locker. Eventually, it will be able to deliver packages to mailboxes and pickup towers as well.

The Lotte, designed by Estonia-based technology firm Cleveron, is among the only self-driving delivery vehicles that can complete deliveries without any human intervention.