• ITVI.USA
    9,157.620
    -27.560
    -0.3%
  • OTRI.USA
    2.590
    -0.020
    -0.8%
  • OTVI.USA
    9,162.320
    -26.570
    -0.3%
  • TLT.USA
    2.670
    -0.010
    -0.4%
  • TSTOPVRPM.DALLAX
    1.230
    -0.070
    -5.4%
  • TSTOPVRPM.PHLCHI
    1.100
    -0.030
    -2.7%
  • TSTOPVRPM.CHIATL
    1.290
    -0.060
    -4.4%
  • TSTOPVRPM.LAXSEA
    1.700
    0.130
    8.3%
  • TSTOPVRPM.ATLPHL
    1.520
    0.060
    4.1%
  • TSTOPVRPM.LAXDAL
    1.120
    -0.030
    -2.6%
  • WAIT.USA
    139.000
    -12.000
    -7.9%
  • ITVI.USA
    9,157.620
    -27.560
    -0.3%
  • OTRI.USA
    2.590
    -0.020
    -0.8%
  • OTVI.USA
    9,162.320
    -26.570
    -0.3%
  • TLT.USA
    2.670
    -0.010
    -0.4%
  • TSTOPVRPM.DALLAX
    1.230
    -0.070
    -5.4%
  • TSTOPVRPM.PHLCHI
    1.100
    -0.030
    -2.7%
  • TSTOPVRPM.CHIATL
    1.290
    -0.060
    -4.4%
  • TSTOPVRPM.LAXSEA
    1.700
    0.130
    8.3%
  • TSTOPVRPM.ATLPHL
    1.520
    0.060
    4.1%
  • TSTOPVRPM.LAXDAL
    1.120
    -0.030
    -2.6%
  • WAIT.USA
    139.000
    -12.000
    -7.9%
New TechNewsTechnology

Self-driving startup Zoox raises $200M

Self-driving startup Zoox has raised $200 million in new convertible note funding, according to media reports. The raise is part of a Series C round that is expected to close later this year or early in 2020.

Investor names were not disclosed. 

Founded in 2014, the Foster City, California-based Zoox stands out from the self-driving vehicle crowd with its plan to build a custom robo-taxi instead of retrofitting existing vehicle platforms.  

The company, which  previously raised a $465 million Series B round, has been testing on public roads in San Francisco and more recently in Las Vegas. It joins competitors such as Cruise, which raised $1.15 billion in May, and Argo AI, which signed a $2.6 billion partnership with Volkswagen in July.

Earlier this week Zoox co-founder and CTO Jesse Levinson took a swipe at another self-driving competitor, Tesla, saying he doesn’t believe the company will reach its goal of having fully autonomous vehicles on the roads by 2020.

The comments, delivered during a conference in San Francisco on October 22, come as Tesla is rolling out functions of its Full Self-Driving suite, which Elon Musk has said will soon be “feature complete.”

Tesla is set to disclose its third-quarter earnings today after market close.

Tags
Show More

Linda Baker, Staff Writer

Linda Baker is a FreightWaves staff reporter based in Portland, Oregon. Her beat includes mobility, emissions regulations and autonomous trucking. Please send tips and story ideas to lbaker@freightwaves.com.
Close