Amazon is said to be in advanced negotiations to buy Zoox, the Foster City, California-based autonomous vehicle startup that has had a bumpy ride since being valued at $3. 2 billion in 2018 and then
ousting its charismatic co-founder more than a year ago. “Cofounded by Australian artist and designer Tim Kentley-Klay and Stanford computer scientist Jesse Levinson in 2014, Zoox has sought to build a business of on-demand
robotaxis and delivery vehicles that blend the most advanced aspects of autonomous driving tech with cutting-edge electric powertrains to serve customers in dense urban markets,” Alan Ohnsman writes for Forbes. “Its purpose-built vehicle is designed for use in a company-branded fleet, not individual ownership, with a goal to begin operation late this year. Kentley-Klay was fired in 2018,
shortly after the company announced a $500 million funding round, and was replaced as CEO in early 2019 by former Intel INTC executive Aicha Evans,” Ohnsman, who wrote an account of the startup’s “wild ride” in May 2018, continues. advertisementadvertisement“Kentley-Klay was initially extremely effective at winning over investors, using an air of mystery in the press and possessing a showman’s knack for stoking excitement.
Read more at: