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Self-driving car startup now valued at US$1.5 billion

Lucas Mearian | Nov. 9, 2016
Zoox is developing a driverless car as a type of ride-hailing service.

In July, ride-sharing service Uber acquired Otto, a maker of self-driving technology for delivery trucks.

Ford Motor Co. plans to begin mass producing a fully autonomous vehicle by 2021 that it will sell for ride-hailing markets such as Uber. Ford's vehicle will be manufactured with no steering wheel, gas or brake pedal. In other words, a driver will not be required.

 

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