Amazon to Acquire Self-Driving Car Startup Zoox for Over $1.2 billion


Amazon has signed an agreement to acquire Zoox, a California-based company working to design autonomous ride-hailing vehicles from the ground up, for more than $1.2 billion, according to the Financial Times.

Zoox is a forward-thinking team that is pioneering the future of ride-hailing by designing autonomous technology from the ground up with passengers front-of-mind. Aicha Evans, Zoox CEO, and Jesse Levinson, Zoox co-founder and CTO, will continue to lead Zoox as a standalone business as they innovate and drive towards their mission, said Amazon.

 

Zoox started in 2014 with the vision of purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack. Zoox’s ground-up vehicle focuses on the ride-hailing customer, with tightly integrated features designed to provide a revolutionary passenger experience. Zoox’s approach to invention provides flexibility and the means to iterate rapidly to continuously deliver a superior experience for customers.

Jeff Wilke, Amazon’s CEO, Worldwide Consumer
Like Amazon, Zoox is passionate about innovation and about its customers, and we’re excited to help the talented Zoox team to bring their vision to reality in the years ahead.

Aicha Evans, CEO of Zoox
We have made great strides with our purpose-built approach to safe, autonomous mobility, and our exceptionally talented team working every day to realize that vision. We now have an even greater opportunity to realize a fully autonomous future.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *