Autonomous Vehicle Software Group Oxbotica Raises US$140 Mn Series C Investment

Oxbotica, a British autonomous vehicle software company, has raised US$140 million in Series C investment to deploy its operating system, Universal Autonomy, in multiple commercial and industrial domains around the world. The funding will drive Oxbotica’s geographical expansion in North America, EMEA and APAC.

It will also help accelerate the deployment of its operating system in domains where there is a potential to scale, such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.  

The investment round includes new investors such as Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners.

Current Oxbotica shareholders who are re-investing include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF.

Following today’s announcement, Oxbotica has raised approximately US$225 million to date.  

Gavin Jackson, CEO of 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.” 

Paul Newman, CTO and a Founder of Oxbotica, adds: “Oxbotica was founded eight years ago on the vision of Universal Autonomy™—providing safe and sustainable autonomy that is independent of workplace and vehicle type. With the greatest engineering talent and experience, using the best of AI, robotics and the metaverse, we are delivering on that promise to create value for our customers, our communities and our planet. We welcome our new investors who share our bold vision to redefine the role of the human in the operation of vehicles.” 

Erin Hallock, Managing Partner at bp ventures, comments: “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.” 

In partnership with Applied EV, bp, NEVS and ZF, autonomous passenger shuttles and industry-specific vehicles driven by Oxbotica will be launched in 2024.