Oxbotica, an autonomous vehicle software start-up, has raised $140 million in Series C investment – through which it intends to deploy its operating system for Universal Autonomy in commercial and industrial domains globally. The start-up confirmed that, with the investment, it has raised approximately $225 million to date.
The investment round includes financial and strategic partners from North America, EMEA and APAC – with new investors including Aioi Nissay Dowa Insurance and ENEOS Innovation Partners. A number of existing shareholders re-invested through the round, such as bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP), Ocado , Tencent, Venture Science and ZF, amongst others.
With the funds raised, Oxbotica will look to drive its expansion in the North America, EMEA, and APAC regions – accelerating the deployment of its autonomy operating system in domains such as airports, energy, goods delivery, and shared transportation. At the core of the start-up’s work is Universal Autonomy – its vision for all vehicles to operate autonomously in a safe, sustainable, manner. To date, it has supported a zero-occupancy trial on a publicly accessible road in Europe, metaverse-based testing, and an autonomous goods delivery partnership with the Ocado .
In the future – through a partnership with Applied EV, bp, NEVS and ZF – autonomous passenger shuttles and industry-specific vehicles equipped with Oxbotica technologies are expected to launch in 2024.