Zoox, a California-based company working on autonomous technology to enable mobility-as-a-service, has been acquired by Amazon for roughly $1.2 billion Among private companies: In July 2009, Amazon acquired Zappos in an all-stock deal worth around $1.2 billion at the time. But Amazon hasn’t stopped there. Additionally, it just recently unveiled a concept car from its robo-taxi acquisition, Zoox. The acquisition is not yet closed and is subject to customary closing conditions. ... Zoox revealed the first look at their fully functional, electric, autonomous vehicle, which features bi-directional driving and is capable of speeds up to 75 miles per hour. Our vision in creating this space was to break down professional barriers and hierarchy. Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington.Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite.com. Zappos.com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. Blind is an anonymous community app for the workplace. Get online news from the Indian Auto Technology industry. Amazon is still growing fast even as valuation is coming down. Amazon purchased all of the outstanding shares and warrants from Zappos for 10 million shares … ETAuto.com brings the latest Auto Technology news, online Auto Technology information, views & updates. r/SelfDrivingCars: News and discussion about self-driving cars. While AMZN stock is rangebound, click here for why I view it will break out to the upside after the consolidation period ends.
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