Amazon buys autonomous vehicle startup Zoox

Amazon buys autonomous vehicle startup Zoox

More amazong.png from zoox

This is definitely a way to create a logo.

Adventuress

As per information citing sources, Amazon has agreed to acquire autonomy startup Zox for an amount of more than $ 1 billion. The news is hot on A’s heel The Wall Street Journal reported last month This indicates that such a conversation was taking place. The deal, which was confirmed in an Amazon blog post, would be well below the $ 3.2 billion valuation Jox received during a funding round in 2018. But given the current state of the economy, there is no point sniffing the seven-digit payment.

Zox, which began work quietly six years ago, burst into public consciousness last year, not so much thanks to its technology but lawsuits. Tesla alleged The company has improperly acquired proprietary documents with some illegal employees.

This is a shame, as the company’s technology is novel, focusing solely on bespoke vehicles designed specifically for autonomous use. Its designing vehicles that do not have front or rear: they will basically be able to operate in either direction and be adapted for use in ride-hailing environments.

Amazon indicates that Aicha Evans, Zox CEO and Jessie Levinson, Zox co-founder and CTO, will remain with the company “to innovate and steer towards their mission”. Exactly how that mission class can be seen with Amazon’s goals. The mega-retailer has made several investments in the automotive space, including A. $ 700 million stake in Rivian To make one Electric delivery van. So the company has its money electric and now, perhaps, driverless vehicles too.

Update, 9:53 pm eastern: Added confirmation from Amazon.

Leave a Reply

Your email address will not be published.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