Self-driving taxi start-up Zoox raises USD500 million in new funding

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Corporate developments

Start-up firm plans to deploy its autonomous electric vehicles in its own ride-hailing service by 2020

Zoox has raised USD500 million in Series B funding round, at valuation of USD3.2 billion, Bloomberg Businessweek reported last week. The latest funding round was led by Grok Ventures. Including the latest funding, the US-based self-driving taxi start-up has raised USD800 million.

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