Oxbotica raises $140 million Series C investment for autonomous vehicle technology
Oxbotica, a specialist in autonomous vehicle software, has raised $140 million in Series C investment.
The round includes financial and strategic partners from North America, EMEA and APAC, including new investors such as Aioi Nissay Dowa Insurance Co. and ENEOS Innovation Partners.
Current shareholders who are re-investing include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF, amongst other global companies.
Oxbotica has raised approximately $225 million to date.
The latest funding will drive its geographical expansion in North America, EMEA and APAC, and accelerate the deployment of its autonomy operating system in domains where there is both urgent need and potential to scale, such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.
Gavin Jackson, CEO at Oxbotica, says: “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.”
Erin Hallock, Managing Partner at bp ventures, says: “We are excited to grow our investment in Oxbotica, which has become a global leader in autonomous vehicle software.”
“Our sustained support is a great example of bp ventures’ continued investment in game-changing technology companies.”
“By leveraging automation and digital technology we believe the team can improve safety and increase efficiency across a wide range of vehicles, and support bp’s ambition to accelerate the global revolution in mobility.”
Oxbotica’s customers and partners include Ocado Group, with which the company is collaborating on autonomous goods delivery to fulfil customer orders.
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