Self-driving Cars

Transportation • Cars & Automobiles
Amazon bought Zoox – a self-driving car startup – for $1 billion
Amazon bought Zoox – a self-driving car startup – for $1 billion
Credit: Amazon, Zoox

Amazon is expanding its portfolio yet again. The company acquired Zoox, a self-driving car startup located in California with almost 1,000 employees for a rumoured $1 billion deal. Zoox has been working on developing a self-driving electric car that doesn't have a steering wheel so that it can drive in either direction. Zoox CEO Aicha Evans will continue leading the company and said that "this acquisition solidifies Zoox's impact on the autonomous driving industry."

"Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience," said Jeff Wilke, Amazon’s CEO, Worldwide Consumer in a statement on Amazon's blog. "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."

Technology • Internet & Web
Intel acquires transit data startup Moovit for $900 million

Intel Corporation announced it has acquired Moovit for approximately $900 million ($840 million net of Intel Capital equity gain).

Intel claims "The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030".

Technology • Internet & Web
Intel to buy transit startup Moovit for $1B
Moovit application screenshot
Moovit application screenshot Credit: Moovit Media Assets

Techcrunch sources claim Intel is close to acquiring transit app developer Moovit in a deal estimated at around $1 billion.

Moovit — which had previously been backed by Intel Capital in a strategic investment — will become part of Intel’s Israeli automotive hub and help with Intel's overall self-driving strategy.