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Another autonomous vehicle startup shutters, Zoox expands driverless testing and investor fervor for AI escalates
TechCrunch Mobility is a weekly newsletter about the future of transportation. Read about Motional, Waymo, Zoox, Applied Intuition and more.
The Series E round was led by Lux Capital’s Bilal Zuberi, investor Elad Gil, and Porsche Investments Management, the sports car maker’s independent venture arm. As reporter Sean O’Kane wrote, the company appears to have nailed a particular sweet spot for VCs who are on the hunt for startups with AI products that cross into large industries with big budgets — defense being one hot area — with seemingly endless opportunities. India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a policy shift that could bolster Tesla’s plans to enter the South Asian market.
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