Amazon has signed an agreement to acquire self-driving car startup Zoox, reportedly for $1.2B+; Zoox was valued at over $3B in 2018
- Zoox was valued at over $3 billion in 2018, but has struggled with management turnover in its efforts to develop a self-driving car.
CNBC
Related Coverage
- We're acquiring Zoox to help bring their vision of autonomous ride-hailing to reality The Amazon Blog
- Amazon acquires self-driving start-up Zoox for over $1.2bn Financial Times
- Amazon acquires autonomous vehicle startup Zoox VentureBeat · Kyle Wiggers
- Amazon to buy Zoox for $1B, a self-driving car startup with Apple lineage AppleInsider · William Gallagher
- Amazon to Buy Zoox, in a Move Toward Self-Driving Cars New York Times · Karen Weise
- Amazon Buys Driverless Startup Zoox, Cites Ride-Hailing Prowess Bloomberg · Molly Schuetz
- Amazon to acquire autonomous driving startup Zoox TechCrunch · Darrell Etherington
- Sources: Amazon to pay $1B+ to buy self-driving car developer Zoox; source says most investors will get their money back and some will make a positive return The Information · Amir Efrati
- Amazon jumps into self-driving taxis with purchase of Zoox Axios · Joann Muller
- Amazon buys Silicon Valley self-driving tech unicorn Zoox at a big discount Silicon Valley Business … · Cromwell Schubarth
- Report: Amazon to pay $1 billion+ for self-driving tech firm Zoox Axios · Ina Fried
- Amazon To Acquire Self-driving Car Startup Zoox Crunchbase News · Christine Hall
- Amazon is acquiring self-driving car startup Zoox The Verge · Jon Porter
- Amazon agrees to buy self-driving startup Zoox for over $1 billion: Report Reuters · ETtech
- Amazon buys autonomous vehicle startup Zoox CNET · Tim Stevens
- Amazon Acquires Self-Driving Startup Zoox for $1.2 Billion USD iPhone in Canada Blog · Christopher Baugh
- Amazon to buy Zoox for over $1B Seeking Alpha · Gaurav Batavia
- Amazon to Buy Driverless-Vehicle Startup Zoox for $1 Billion TheStreet · M. Corey Goldman
- Amazon has reportedly acquired autonomous car start-up Zoox Silicon Republic · Kelly Earley
- Confirmed: Amazon's acquisition of robotaxi startup Zoox adds self-driving cars to its robotic fleet GeekWire · Todd Bishop
- AMZN Stock Rises 0.7% as Amazon Reportedly Acquires Self-Driving Car Startup Zoox coinspeaker.com · Benjamin Godfrey
- Amazon Reportedly Adding Driverless Car Maker Zoox To Its Portfolio For $1.2B PYMNTS.com
- Amazon to reportedly acquire self-driving car startup Zoox for over $1 billion Neowin · Usman Khan Lodhi
- Amazon acquires secure self-driving startup Zoox ZDNet · Charlie Osborne
- Amazon acquires self-driving startup Zoox Engadget · Steve Dent
- Amazon gets serious about self-driving cars by dropping more than $1 billion on Zoox Mashable · Stan Schroeder
Discussion
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@zoox
@zoox
on x
We are delighted to announce that Zoox is teaming up with @amazon. We have made great strides in creating autonomous mobility from the ground up, and are excited to continue working with our exceptionally talented team to realize that vision. https://blog.aboutamazon.com/ ...
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@retailprophet
Doug Stephens
on x
How do you cut the cost of last-mile delivery? Eliminate the driver. Amazon acquires self-driving start-up Zoox for over $1.2bn https://www.ft.com/...
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@caseynewton
Casey Newton
on x
https://www.theinformation.com/ ... https://twitter.com/...
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@laszlobock
Laszlo Bock
on x
“MOST investors will get their money back and SOME will make a positive return” .... Zoox raised $955M which means employees likely get nothing. Always, always ask about liquidation preferences before joining a startup, especially ones with higher valuations. https://twitter.com/…
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@mdudas
Mike Dudas
on x
Startups are never linear, @zoox edition https://www.ft.com/... https://twitter.com/...
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@sallyshin
Sally Shin
on x
Looks like this is official. Amazon is buying Zoox at a time where logistics companies continue to invest in areas focused on automizing delivery process. Zoox will continue to operate as a standalone company. Jeff Bezos is also an investor in Uber... https://blog.aboutamazon.com…
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@mims
Christopher Mims
on x
As someone who has spent some time with the folks at Zoox and fancies himself an attentive Amazon watcher, I doubt this is about electric cars. It may however be about other forms of autonomy - delivery, in-warehouse automation - which Amazon has very public interests in. https:/…
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@mdudas
Mike Dudas
on x
“Most investors in @Zoox—which raised $1 billion in equity and convertible debt over the past five years—are getting their money back through the acquisition, with some making a positive return.” https://twitter.com/...
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@gavinsbaker
Gavin Baker
on x
1) Autonomous is hard. “Most” investors will get their money back. “Some” are making a positive return = the last round had a greater than 1x liquidation preference that was senior in the pref stack. Structure is dangerous to early VCs and employees. https://www.theinformation.co…
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@quinnypig
HydroxyCoreyQuinn
on x
Gad-Zoox; I guess @awscloud is way more serious about DeepRacer than I thought. https://twitter.com/...
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@pitdesi
Sheel Mohnot
on x
Amazon buying Zoox for $1b. The company had raised $1b so it isn't great for investors. This is a robo-taxi company, not one well suited for deliveries, so this is Amazon getting into the self-driving car space, exciting times. https://twitter.com/...