Self driving car maker raises US$ 200 million fund

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 254

Self-driving-car startup Zoox has raised a US$ 200 million funding provided by investors Lux Capital and Draper Fisher Jurvetson, according to reports confirmed by TechCrunch in recent days.

The Palo Alto-based company founded by Tim Kentley-Klay and Jesse Levinson is now valued at US$ one billion.

Zoox got permits to begin road tests of its vehicle nicknamed "Boz" in California last March.

In 2013 the company revealed a prototype designed to not have windshields or a steering wheel or break pedal. Instead, it can drive in any direction while passengers sit inside, facing each other.

 

Apple, Google and Tesla are just a few other firms also working on self-driving cars. Intel joined the race last week after confirming reports that it is working with BMW to start production of self-driving cars by 2021.