Oct 21, 2019 - Technology

Zoox raises $200 million to build self-driving car

Dan Primack,
Kia Kokalitcheva

Zoox self-driving car a the street in San Francisco. — Zoox vehicle in San Francisco. Photo by Andreas Hoenig/dpa via Getty Images

Self-driving startup Zoox has raised $200 million in new convertible note funding, which will be folded into a Series C round that's expected to close later this year or at the beginning of 2020.

Why it matters: Zoox is more ambitious than most other autonomous tech startups, seeking to develop the entire car instead of just the software or sensors.

This is the first new investment in Zoox since it fired co-founder and CEO Tim Kentley-Klay.
No word yet on specific investors, except that the $200 million comes from a mix of new and existing backers.
The company previously raised a $465 million Series B round at a $3.2 billion post-money valuation.

Editor's note: This story has been corrected to show that Zoox raised $465 million in Series B funding.

Add Axios on Google

Zoox raises $200 million to build self-driving car

What to read next