Oxbotica, an Oxford, UK-based global autonomous vehicle software, raised $140 million in Series C funding to deploy its operating system for Universal Autonomy™ in multiple commercial and industrial domains around the world. Oxbotica has raised approximately US$225 million to date.
The investment round includes financial and strategic partners from North America, EMEA, and APAC, including new investors such as Aioi Nissay Dowa Insurance Co., Ltd., and ENEOS Innovation Partners.
Current Oxbotica shareholders who are reinvesting include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science, and ZF, amongst other global companies.
The funding will drive Oxbotica’s geographical expansion in North America, EMEA, and APAC and accelerate the deployment of its ground-breaking autonomy operating system in domains where there is both an urgent need and the potential to scale, such as agriculture, airports, energy, goods delivery, mining, and shared passenger transportation.
Gavin Jackson, CEO of Oxbotica, said: “This landmark investment from world-class investors is a tremendous validation of our strategy to apply self-driving technology where there is persistent and urgent demand—in supply chains, industrial sectors, and in decongesting our cities. We share a common purpose with our investors as well as our growing number of customers and partners to make the Earth move more safely, more sustainably, and more efficiently. We’re invigorated by their confidence and are moving quickly to accelerate the benefits of autonomy for everyone.”
Oxbotica attracts category-defining customers and partners, including Ocado Group, with which the company is collaborating on autonomous goods delivery to fulfill customer orders.
The software-defined vehicle from partner Applied EV, driven by Oxbotica, has already operated with no on-board driver on a publicly accessible road in Oxford, marking a key milestone in commercializing its AV technology.
Company: Oxbotica Ltd.
Raised: $140.0M
Round: Series C
Funding Month: January 2023
Lead Investors:
Additional Investors: Aioi Nissay Dowa Insurance Co., Ltd, ENEOS Innovation Partners, include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science, and ZF
Company Website: https://www.oxbotica.com/
Software Category: Autonomous Vehicle Software
About the Company: Founded in 2014 by Paul Newman and Ingmar Posner, Oxbotica is an AI and SaaS-enabled autonomous platform. It offers autonomous vehicle software that can be deployed in multiple sectors, bringing the benefits of autonomy to businesses globally. The company builds software for real-world applications, drawing on principles of physics, robotics, math, and AI. It is fueling Universal Autonomy: the ability of any vehicle, of any size, in any place to operate autonomously, safely, and sustainably. Oxbotica can be integrated with a cloud management service. It offers solutions for various sectors like logistics, automotive, mining, etc.
Source: https://www.oxbotica.com/insight/oxbotica-raises-us140-million-series-c-investment-to-deploy-its-operating-system-for-universal-autonomy-around-the-world/