Written by 7:35 pm How to Buy Stocks • 3 Comments

ZOOX Stock

If you are looking for some new shares to purchase, then you should consider Zoox stock. There is so much that you need to know about this company, including when it was started, who purchased and what industry it is in before you purchase. Keep reading on to find out more about this company and how to purchase the options and much more.

What You Should Know About Zoox

This is an American company that is testing and creating autonomous vehicles and it is had the headquarters located in Foster City, California. However, it also has other operation offices throughout the area of San Francisco Bay. The Zoox company was founded by Tim Kentley-Klay, who is an artist-designer, and Jesse Levinson, who is the son of Arthur D. Levinson, who is the chairman of Apple Inc. in 2015. Kentley-Klay is from Australia and Levinson was working on developing the technology for self-driving while attending Stanford University.

The name of this company was derived from Zooxanthellae, which is a creature that is completely dependent on renewable energy like the production vehicle from the brand. They are working to create an autonomous vehicle that will take over the market of the robo-taxi with an approach that the current vehicles aren’t optimized or ready to be used for autonomy. They are applying the latest technology and techniques in renewable energy, robotics and automotive to create a battery-electric bi-directional, symmetrical vehicle to get rid of all the problems that come with autonomous mobility.

The goal of the company is to create a symbiotic style relationship with all people and customers. Back in December 2018 this company was the first to get approval for providing transport with self-driving capabilities to the public all over California. However, the company had raised some $800 million by July 2018 in venture capital and investments, including from Draper Fisher Jervetson.

Aicha Evans was appointed as the new CEO of the company back in January 2019 after previously holding the position of Chief Strategy Officer for Intel. A “definitive merger agreement” was signed by Amazon and Zoox on June 26, 2020 to allow Amazon to take over the company for a cost of more than $1.2 billion.

They also became the 4th company to get a permit in order to test their driverless cars on the public roads in California in September 2020. They also showcased an all-electric, fully autonomous, purpose-built car that was capable of reaching speeds of 75 mph.

Zoox Company/Stock Profile

There is plenty that you want to know about this company, including how many employees they have, the number of shareholders and much more. Here is a table to help you understand everything about this company, such as:

Total Number of Employees900 total across all locations
Number of ShareholdersTotal number unknown
Management board membersCarl Bass Dan Cooperman Heidi Roizen Thomas Tull Laurie Yoler
Supervisory Board MembersAicha Evans Jon Foster Jesse Levinson Ashu Rege Mark Rosekind
Shareholding CompaniesAlium Capital Management Grok Ventures IDG Capital Blackbird Ventures Breyer Capital Mistletoe Raptor Group Lux Capital Management Threshold Ventures

These are just a few of the many investors, board members and executive members who are running the company. It is important that you are aware of who is who before you start to consider purchasing the shares.

Zoox Stock / Company Financials Key Indicators

Funding: Funding is the key to the sustainable development of the ZOOX and it has significant impact on company valuation. Below in the chart type you can see ZOOX funding trend

Valuation: The most reliable valuation is purchase price when amazon acquired ZOOX stock by 1.2 Billion at that time as of July 2018 ZOOX value with prudential discount was 3.2 USD billions.

Operating Expenses: After purchasing ZOOX amazon created 100 USD m bonus to retain more than 900 employees at ZOOX. Also worth mentioning that ZOOX had 30 USD m cash outflow on employees and had liquidity problems.

Revenue :  Revenue projection for the company for 2021 amounts to 251 USD m.

Summary : Please see below summary of key metrics

Number of EmployeesStock Price/ValuationFundingRevenue
                              1,276                                3,200                                    1,005            251

Financial Analzyes summary

This company started out with only $40 million in seed money when they started in July 2015, but since then they have increased the money that they have earned from investments to at least $800 million. They have some 1274 employees with a revenue of $330,000 per each employee and there are around 177 job openings currently. Their estimated revenue per year is around $420.4 million yearly and they have been working hard to increase the testing and various technologies they are using.

Is ZooX Publicly Traded

One question I’m sure that you have is whether is Zoox a public company and it isn’t one that can be traded like that. However, you can still purchase the shares if you want using the ZOOX stock ticker symbol that will make it easier for you to find the right shares. Make sure that if you want to purchase some of these shares for your portfolio that you are aware of how you should be purchasing it. This means that you can’t just buy them anywhere, but instead you have to do your research to figure out where you can get the right ones.

How to Buy ZOOX Stock

If you are interested in purchasing a few of these shares, then you should need to go to equityzen and register. Here are some of the steps that you would need to take to register for your own account for purchasing shares of different companies, including:

  1. Choosing whether you are an investor or if you are a shareholder
  2. Input an email address along with password
  3. Confirm the email address after receiving the email from the company
  4. Deciding which method you want to use to purchase your shares

Once your account has been activated and confirmed, then you are able to login and start to purchase your shares. After you have logged into your account, then you will be able to search for the shares that you want using the company name or even the short version. Make sure that you are double checking the ones that you are purchasing before you decide how many shares you want and confirm the purchase.

Another option that you can consider going for is through https://sharespost.com/ where you can also purchase a wide variety of shares. If you want to purchase through this site, then you would need to create your own account before you can start the process. When this is done, then you will be able to login and then decide how many of the shares you want to buy and then complete the purchase process.

There are a few other ways that you can purchase shares of this company, including by purchasing shares of Amazon, which is the shareholder company. Go ahead and look at all of the options so that you can figure out which one has the lowest cost and that would be the easiest method to allow you to make your final purchase.

Is IPO Expected?

If you are wondering if there is an Zoox IPO that is expected, then the short answer is no. This company is private, which means that they won’t be opening up the company to everyone any time soon. This means that you might not be able to purchase everything that you want as a standalone option, but you should check out the options that you can buy.

Key Risks and Rewards of Buying ZOOX Stock

There are going to be some risks that come along with buying these shares and that includes that they aren’t liquid. Also, these will be difficult to sell when the time comes that you want to get rid of them, which means you might have to take a loss. However, if you want to make sure you are getting a reward, then one option to consider is purchasing Amazon shares, which is the shareholder company.

How Can You Sell Zoox Stock

There is a lot that you should be aware of when it comes to selling your Zoox stock and that includes how you can sell it and get rid of it. If you are an employee of the company or if you know someone else who already has shares of it, then you can sell it easily through equityzen or other such sites. Another option is that you can locate someone in the comments here that wants to purchase it and sell it to them.

Top Alternative of ZOOX Stock and Where You Can Invest

Here you should write about competitors and alternatives of the shares that you are considering buying, then there are plenty of options that you could purchase. Some of these includes:

  1. BYD
  2. Nexar
  3. TuSimple
  4. Uber
  5. Pony.ai
  6. Nuro
  7. Aurora
  8. Argo AI
  9. Apex.ai
  10. May Mobility
  11. Edelbrock Group
  12. Rivian
  13. AirBnb
  14. ByteDance
  15. Chime

These are just a few of the many options that you might want to consider when you are looking at which shares you might want to buy. Go ahead and compare the cost for the various shares and then make the right decision for your needs, which includes how much you want to buy and your budget.

Key News of Zoox Stock

Back in October 2016 some 49,267,486 shares had been released, which had been sold at a value of $5.16 for each. This had helped the company to earn around $254.2 m in revenue and you can’t buy the shares without knowing where to get them. The shares have gone up in price over time and if you want to purchase you need to find the sites that are offering them for sale, including equityzem and more.

June -2021 – ZOOX Published very detailed safety report and guidelines

June -2021- TechCrunch News about ZOOX, Company created self-driving taxi’s to prevent accidents

May -2021 – Hyosung Advanced Materials will supply airbag for ZOOX.

Dec-2020 – Ney York Time -ZOOX automobiles takes another big leap.

Dec -2020- ZOOX Car can run 16 hours without charging.

Sept -2020- ZOOX becomes fourth company which gets license on self-driving cars.

Sept -2020- Toyota is forming venture fund to compete with ZOOX and Amazon in the future.

Jul-2020 – Interesting articles on FT

https://www.forbes.com/sites/louiscolumbus/2020/07/12/using-patent-analytics-to-see-why-amazon-bought-zoox/?sh=208015af5ab6

Oct-2019- ZOOX obtained USD 200 m funding.

Sep -2019 – ZOOX expands to Las Vegas

FAQ

  • Has there been a Zoox IPO?

No, this company isn’t one that can be traded openly, but you can still purchase the shares if you know where to get them. There are still options for you to buy some of the shares however if you want to. The company isn’t planning on moving from the private sector, so this isn’t something you should be expecting to see any time soon.

  • What is the easiest way to find out the zoox stock price?

You can find out the current cost of the shares by looking it up on Google or any other share purchasing site. There are so many options that you can easily see what the price is so you can decide how many shares you are interested in selling or purchasing.

  • What industry is this company into?

This company is into driverless technology and has been working hard to create the first driverless vehicles. They have been getting approval from the state of California to test their cars and other technology on the roads.

  • Who were the main founders of the company?

This company was founded in 2014 by 2 individuals, including Tim Kentley-Klay along with Jesse Levinson.

  • When was it initially started?

The founders had started to operate and plan their company well before 2014, but it was originally started in that year. Since then, they have come up with new ideas and their technology has been tested in the real world.

  • How much has the company earned in terms of investments?

Since they started the company, they have earned nearly $800 million from various investors in different sectors of the world and industries. The company has grown in the last 7 years and they have recently signed an agreement with Amazon to allow them purchase the company out.

Make sure that you are thinking about Zoox stock if you are interested in purchasing some shares of a major company. You should not only think about how much it would cost you to purchase it, but also how you can later sell your shares and a lot more about this company. If you know more, then it will make the decision regarding which of the options would work the best, including how to purchase it.

Source

Financial Times -FT.Com

Amazon.com

Close