Last year, Amazon began testing a delivery robot named Scout in the Seattle area. Zoox, which develops autonomous vehicle systems with the goal of providing entirely autonomous transportation solutions, was acquired by Amazon in June 2020 for $1.2 billion.. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Zoox, Inc. is a robotics company. Analysts pegged the purchase price at over $1 billion. It is working to simultaneously create driverless technology, a ride-hailing network and a bespoke autonomous vehicle at scale, The Financial Times said.Zoox’s three-pronged approach differentiates it from most other autonomous transportation companies, which generally concentrate their efforts only on technology or a specific function, like ride-hailing.Zoox, based in Foster City, California, has been hit hard by the COVID-19 pandemic, laying off 10% of its employees and parking its test fleets, which had been operating on the streets of Los Angeles and San Francisco.The startup “has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest,” a Zoox spokesperson said in a statement. Zoox: Chief Executive Officer & Board Member: 000 0000: Carl Bass: Self: Execuive Chairman: 000 0000: Daniel Cooperman JD: Zoox: Board Member & Audit Committee Chairman: 000 0000: Fred Hu Ph.D: Primavera Capital Group: Board Member: 000 0000: Heidi Roizen: Draper Fisher Jurvetson Management: Board Member: 000 0000 Now the online retailer has tens of thousands of robots in its warehouses around the world.In 2013, Amazon CEO Jeff Bezos announced plans for drone delivery of some packages. This profile is based on publicly available information and is intended to be informative in nature.On our trusted digital marketplace for private companiesEquityZen helps investors to access private companies and their employees to sell shares.Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Developer of an autonomous mobility ecosystem that includes self-driving vehicles, control systems, AI and a ride-sharing service all designed to improve urban mobility. If a deal is reached, and that is not a certainty, it would give the e-commerce behemoth a foothold in the driverless car industry. The consensus recommendation from analysts rates Amazon a Buy. EquityZen is a marketplace for shares of proven pre IPO tech companiesEquityZen does not have an affiliation with, formal relationship with, or endorsement from Zoox or any companies feature above. The company's self-driving vehicles and control systems include automated fully-electric vehicle fleets that provide mobility-as-a-service in urban environments, enabling consumers to access self-driving mobility services.Six-figure salaries are the norm at the self-driving industry's major players like Argo AI, Aurora Innovation, Cruise, Waymo, and Zoox.Factories, warehouses, and logistics companies are about to see a new wave of automation, Lux Capital's Shahin Farshchi said.On top of the $1.3 billion that Amazon has offered to acquire autonomous vehicle company Zoox, the company is paying a high cost to retain the talent.Get data-based research, detailed reports, and unique insights on
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