Details: The deal comes after Drive.ai spoke to several potential acquirers, but in the end it was only Apple who was interested. Apple also bought Drive.ai's autonomous cars and other assets, sources tell Axios.
- Drive.ai ceased operations in the last 2 weeks.
- Apple's rent is mostly in engineering and product design, per source.
The purchase price was not disclosed. Apple is expected to pay less than $ 77 million Drive.ai raised in venture capital, saying nothing about $ 200 million it was valued two years ago, after series B round, Axios & # 39; Dan Primack recently reported.
The Wallpaper: Drive.ai's highlighter-orange vans ferried workers around a business park in Frisco, Tex, and shuttled fans into nearby Arlington to Cowboys games.
Drive.ai adds 90 workers in California, the San Francisco Chronicle reported. And the company employed many more in Texas.