Interest in fully autonomous motor vehicles continues to heat up. The latest evidence of this is Silicon Valley startup Zoox raising a whopping $50 million at a staggering $1.5 billion valuation.
The capital was secured last month, according to a source cited in The Wall Street Journal. Zoox, founded in 2014, has now raised close to $300 million.
Zoox’s goal is to build a new car from scratch with autonomy considered at every step of the process. Engineers from esteemed companies like Tesla and Alphabet have joined the startup in pursuit of this project.