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Apple buys autonomous vehicle launch Drive.ai



Apple CEO Tim Cook delivers the keynote speech during the Apple Worldwide Developer Conference (WWDC) 2019 on June 3, 2019 in San Jose, California.

Justin Sullivan | Getty Images

Apple has bought the startup vehicle Drive.ai, as the company confirmed to CNBC.

The deal confirms Apple's continued interest in self-driving auto software and strengthens the technological giants' technical rank by allowing additional employees to build autonomous vehicle technology.

CNBC could not confirm the purchase price. According to Pitchbook, Drive.ai had raised $ 77 million in venture capital worth $ 200 million.

Drive.ai recently announced its intention to shut down its business in California and dismiss 90 workers for the San Francisco Chronicle. The start-up teamed up with the city of Arlington, Texas, to provide a self-driving shuttle service.

Axios previously reported on the purchase of Apple. It was said that Apple had hired dozens of Drive.ai engineers and bought the startup's cars and other assets.

In January, Apple removed more than 200 employees from its auto project, known as Project Titan. Internally, the cuts were billed as a restructuring.

Apple is currently testing Lexus SUVs on the streets of California. The cars have autonomous capabilities, but there is a safety driver behind the wheel.

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