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Zoox seeks up to USD 252 mln in funding

Monday 30 May 2016 | 10:34 CET | News
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Zoox, a US-based autonomous electricle vehicle company, aims to raise as much as USD 252 million in funding, Bloomberg writes citing a securities filing. The investment may give Zoox a valuation of more than USD 1 billion provided that the fundraising is successful, according to an analysis by venture-capital research firm VC Experts. While Zoox didn't provide any information on what it's working on, it is the only startup with a licence to operate autonomous vehicles on the road in California. Cruise Automation, which General Motors acquired in March, is another startup that had a similar

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Categories: Mobile & Wireless / Broadcast & Satellite
Companies: Google
Countries: United States
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