With discussions being in their early stages, Telecommunications group- Softbank is keen on funding autonomous vehicle startup Zoox. With Softbank openly admitting their interest in Zoox, the startup is also in talks with other unnamed potential investors.
Alongside a current valuation of more than $1.5 billion, sources say that Zoox’s conversations with Softbank have been in the $3 billion to $4 billion valuation range. This is primarily to, power its way towards building a self-driving car from start to finish – an expensive process that would make the company stand out from the competition.
Zoox is a robotics company pioneering autonomous mobility as-a-service. Zoox is developing a breakthrough, fully automated, electric vehicle fleet and the supporting ecosystem required to bring the service to market at scale.