Successful Australian entrepreneur predicts driverless cars in Australia by 2021 as Melbourne born Tim Kentley-Klay manages US$1 billion car start up ZooxThe automobile company is currently listed as a private company that was backed early on by Sydney based investment company Blackbird VenturesTim Kentley-Klay has ambitions of beating Apple, Tesla and Uber in automobiles
Brooke Taylor For Daily Mail Australia
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Updated:
09:34 EDT, 21 May 2018
Melbourne-born former animation studio owner Tim Kentley-Klay is making global waves as the CEO of driverless car startup Zoox.
His success comes after he sought $252 million in funding for a company which promises to ‘produce the robot, revolutionizing personal mobility in the process’.
The 40-year-old entrepreneur has ambitions to beat Apple, Tesla and Uber, becoming a main contender in the global business race of self-driving automobiles.
The project was initially launched in secret with co-founder Jesse Levinson, an ex-member of Stanford University’s autonomous driving team.
Zoox CEO Tim Kentley-Klay (pictured above) has sought after $252 million in funding as the company produces a revolutionary robot set to compete with driverless automobile giants
The business focuses more on just a car that is self-driving – as he doesn’t see himself as a car company, but a robotics firm.
‘When you look at mobility through that lens, you start thinking differently,’ he said during a recent presentation, according to the Australian Financial Review.
‘We think can create an artificial intelligence system through a mobility vehicle that can actually deal with dense, urban dynamic driving.’
Zoox aims at having its product on the roads by 2020 and will act like a taxi service in a similar structure to Uber.
CEO Kentley-Klax has remained pretty stealth on revealing too much information in an attempt to avoid releasing pressing details to their competitor.
Weighing in on how the tech wizard went from running an animation studio to managing a company valued at US$1 billion is Chief Investment Officer of Hostplus, Sam Sicilia, who penned a letter on his LinkedIn.
Mr Sicilia said it’s important for investors to examine periods of market volatility and that allowing investment returns is the best strategy over time.
The CIO has looked into the future of automobiles and made predictions on what the next few years look like in the automobile industry.
He told the Australian Financial Review: ‘We look at 2021 with a reasonable margin of safety to start getting autonomous vehicles on the road’.
CIO of Hostplus Sam Sicilia has predicted that Australia will have driverless cars on our roads by 2021
Investors have been advised to not act impulsively from an action bias and knowing when to do nothing in the share market.
Mr Sicilia urges a push for innovation and advises Australia focuses on its strengths.
‘You can not have every sector – it’s got to be tech and medicine because that’s what were good at’, he said, revealling predictions our tech industry, as Australia increases their spending to $84.8 billion this year.
Zoox is currently listed as a privately held ownership company, boasting 12 investors and 200-300 employees.
Sam Sicilia (pictured above) weighs his advice on how Australians can get ahead in the investment market
CEO of driverless car startup Zoox has ambitions of beating Apple, Tesla and Uber in the global driverless automobile market
Australia is increasing their spending on the tech market to $84.8 billion this year as it looks to plan for the future
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