Amazon confirms acquisition of self-driving car developer Zoox - InvestingChannel

Amazon confirms acquisition of self-driving car developer Zoox

Amazon and Zoox are announced that the companies have signed an agreement for Amazon to acquire Zoox. AMazon said in a statement: “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.” “Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience,” said 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.” Completion of this transaction is subject to customary closing conditions.