Amazon Acquires Zoox, a Self-Driving Car Startup

By Sheridan Fifer

Amazon has acquired a self-driving car startup called Zoox in a deal rumored to have cost the online retail giant more than $1 billion. Amazon has invested in self-driving vehicle technology before, but this may be the largest such investment to date. Zoox CEO Aicha Evans and CTO Jesse Levinson will remain at the helm, with reports suggesting that Amazon may let the startup operate as an independent subsidiary.

“Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience,” said Amazon CEO of Global Consumer Jeff Wilke, “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.”

Read the full story at The Verge.