# Zoox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zoox

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Foster City, US
- Website: www.zoox.com
- Total disclosed funding: $655M
- Latest round: Series B (Jul 2, 2018)
- Investors on record: 8

## About

Zoox Inc., based in the US, innovates urban mobility solutions through its autonomous robotaxi service, which emphasizes rider-centric design and advanced technology for urban transportation.Founded in 2014 in Foster City, California, Zoox Inc. specializes in developing autonomous robotaxis that redefine how people travel in urban areas. The company has undergone significant changes since its inception, including a major acquisition by Amazon.com, Inc. in June 2020 for approximately USD 1.2 bn. Aicha Evans is the CEO, who has been pivotal in guiding the company's strategy and growth. Zoox has engaged in a total of seven deals, with its most recent being a trade sale that involved substantial investment from Amazon.com, Inc., raising a total of USD 1.2 bn.Zoox specializes in the development and deployment of autonomous robotaxis, redefining urban transportation by focusing on rider-centric design instead of traditional vehicle concepts. Their primary offering, the Zoox robotaxi, features advanced artificial intelligence and precision engineering to provide safe and comfortable rides, emphasizing spacious interiors tailored for various use cases such as relaxation, work, and social activities. The service aims to alleviate traffic congestion and reduce road safety issues by introducing autonomous vehicles into major metropolitan areas. Currently, Zoox is preparing to launch its services in Las Vegas, further expanding its footprint to cities like San Francisco, Austin, and Miami, targeting urban dwellers and tourists seeking efficient and enjoyable transportation experiences.Zoox's revenue model is centered on direct-to-consumer transactions facilitated through its robotaxi service, which is designed to offer a seamless and engaging riding experience. Customers can interact with the service via a mobile app that enables ride bookings, with the potential for subscription-based access for frequent users. Although specific pricing details for rides are not disclosed, the company focuses on creating partnerships with urban developments, such as Resorts World Las Vegas, to integrate their service into existing infrastructures. The company's revenue is derived from ride fares collected from passengers, enhancing urban mobility while establishing a sustainable financial model through innovative transportation solutions.Zoox's strategy for future growth includes the launch of its autonomous robotaxi services in Las Vegas, with plans to further expand into major urban centers like San Francisco, Austin, and Miami. The recent acquisition by Amazon.com, Inc. will support these initiatives through enhanced funding and resources, enabling Zoox to accelerate its market entry and enhance its service offerings. The company is poised to leverage the USD 1.2 bn in funding from its acquisition to invest in technology development and scaling operations, ensuring a successful rollout in their targeted regions.

## Funding rounds

- Series B, Jul 2, 2018, $462M — Primavera Capital Group, Grok Ventures
- Series A, Oct 3, 2016, $50M — IDG Capital, Composite Capital Partners
- Series A, May 23, 2016, $103M — Draper Fisher Jurvetson, Lux Capital, AID Partners, Blackbird
- Seed, Jul 3, 2015, $40M — Draper Fisher Jurvetson, Lux Capital

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Seed, Series A
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A
- AID Partners (https://capitalatlas.ai/funds/aid-partners) — Series A
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Series A
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Composite Capital Partners — Series A
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series B
- Grok Ventures — Series B