AV startup Zoox raises another $200M

Startup Zoox has been testing vehicles equipped with sensors in Las Vegas, and recently raised more funding to create a robo-taxi from ground up. (Zoox)

Self-driving vehicle startup Zoox has raised $200 million in a new convertible note, marking its first financial growth since co-founder and CEO Tim Kentley-Klay was fired in August 2018.

The company has promoted one of the more radical approaches to autonomous vehicle (AV) design. It wants to build the vehicles from scratch, instead of adding sensors and other components to existing vehicles from established car makers.

It isn’t clear who the investors are, and Zoox couldn’t be reached for further comment. Axios.com first reported the funding and Forbes confirmed it with an unnamed source.

Sponsored by Digi-Key

Analog Devices ADIS16500/05/07 Precision Miniature MEMS IMU Available Now from Digi-Key

The Analog Devices’ ADI ADIS16500/05/07 precision miniature MEMS IMU includes a triaxial gyroscope and a triaxial accelerometer. Each inertial sensor in the MEMS IMU combines with signal conditioning that optimizes dynamic performance.

The Foster City, California, company was founded in 2014 and is now headed by CEO Aicha Evans, Intel’s former chief of strategy. Kentley-Klay was suddently fired in August 2018  just after raising $465 million in a Series B funding round.

Zoox’s vision of a self-driving car has no dedicated front or rear end, no steering wheel, brake or accelerator and no dashboard controls. It fits into the emerging definition of a robo-taxi, which would be operated by fleet managers for use in communities where mostly shorter trips are needed and where car ownership isn’t a priority.

RELATED: Optimus Ride AVs debut at Brooklyn Navy Yard

Suggested Articles

Research shows biggest growth expected in Latin America and Asia, as holographic telepresence emerges

Semiconductor Industry Association makes pitch for tax incentives and grants to chipmakers to compete with other countries as backed by lawmakers

The Semiconductor Industry Association sees significant uncertainty for chip sales in coming months, although May numbers were up by 6% globally.