Bezos Rolls Out The Innovations 

Yesterday was a Monday, which meant it was time for another startup to roll-out an autonomous vehicle prototype with promises to transform mobility.  Amazon-owned Zoox, the AV venture it acquired earlier this year, introduced its robotaxi pod car.  Think a…

Patrick Trousdale
Bezos Rolls Out The Innovations 
Sign up for insightful business news.

Yesterday was a Monday, which meant it was time for another startup to roll-out an autonomous vehicle prototype with promises to transform mobility. 

Amazon-owned Zoox, the AV venture it acquired earlier this year, introduced its robotaxi pod car.  Think a ski gondola on wheels.   

The Zoox robotaxi features two rows of face-to-face seating (à la train car seating), a pair of bus-like double-doors, and a symmetrical, boxy aesthetic.

The vehicle is loaded with practical features including bi-directional driving capabilities (it doesn’t go in reverse), a 270-degree field of view, and a top speed of 75 miles per hour.

Amazon To The Rescue

Founded in 2014, Zoox has had its fair share of ups and downs— at one point reaching a valuation of $3 billion, according to the New York Times. 

With the pandemic roiling the economy in March of this year, it’s fair to say the company was in a down swing.  “We definitely thought we could be dead,” Zoox chief executive Aicha Evans told the New York Times. “But a crisis like that can also focus you to seek out investors who have a long-term mind-set that this kind of technology requires.”

And an investor they found. Specifically, a $1.2 billion acquisition from Amazon. While Amazon and Zoox remain committed to developing the technology as a taxi and Uber competitor, it isn’t hard to imagine the eCommerce titan utilizing the tech for future delivery services.

Takeaway

A small fleet of prototypes are currently deployed for private road testing in Las Vegas, San Francisco and Foster City.

Analysis more

Tale of the Tape: Warren Buffett and Cathie Wood

Farm Strong: Understanding Agriculture as an Investment

Recent News

Macy’s Launches Online Marketplace for Third-Party Sellers

Russia Announces Dubious Plans For Aviation Industry Without Boeing and Airbus

Biogen’s Alzheimer’s Drug Success Pops Stocks Across the Industry

Consumer Confidence Rises in Spite of Challenged Conditions

[subscribe-form listid="1ebbb697aaa44fb1971fe0a3c42ff841" source="organic" medium="organic" redirect-url="https://thedailyupside.com/thank-you/"]
<form action="" class="subscribe-form "> <input type="text" name="subscribe_form_email" placeholder="Enter your email"> <input type="text" name="subscribe_form_name" placeholder="Enter your name" value="" class="c-subscribe-from_field"> <button class="c-btn" id="subscribe-form-submit" type="submit">Subscribe</button> <div class="subscribe-form-message"></div> <div class="subscribe-form-vars"> <input type="hidden" class="subscribe-form-param" name="params[listid]" value="1ebbb697aaa44fb1971fe0a3c42ff841"> <input type="hidden" class="subscribe-form-param" name="params[source]" value="organic"> <input type="hidden" class="subscribe-form-param" name="params[medium]" value="organic"> <input type="hidden" class="subscribe-form-param" name="params[redirect_url]" value="https://thedailyupside.com/thank-you/"> </div> </form>