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The U.S. self-driving start-up Zoox has been acquired by Amazon. Aicha Evans, Zoox CEO, and Jesse Levinson, Zoox co-founder and CTO, will continue to lead Zoox as a standalone business. According to media reports, the deal is estimated to be worth over $1 Billion.

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

Aicha Evans, CEO of Zoox, adds: “We have made great strides with our purpose-built approach to safe, autonomous mobility, and our exceptionally talented team working every day to realize that vision. We now have an even greater opportunity to realize a fully autonomous future.”

Jesse Levinson, Zoox co-founder and CTO, states: “Amazon’s support will markedly accelerate our path to delivering safe, clean, and enjoyable transportation to the world.”

Zoox started in 2014 with the vision of purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack.

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