Self driving car maker raises US$ 200 million fund
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.