Venture Capital: Oxbotica, Maker Of Software For Universal Autonomy, Lands $140M

January 13, 2023 | News, Venture Capital

The company’s goal is to deploy its operating system (OS) for Universal Autonomy in multiple commercial and industrial domains around the world.

Oxbotica, the maker of software for Universal Autonomy, which is the ability of any vehicle, of any size, in any place to operate autonomously, safely and sustainably, has raised $140M in a Series C round.

Existing investors returning to this round include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF, amongst other global companies. 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. (Vanilla Plus)

The round brings Oxbotica’s cumulative funding till date to approximately US$225 million.

Gavin Jackson, CEO of Oxbotica, said, “This landmark investment from 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.”

The company will use the new round to expand its tech across North America, Europe, the Middle East and Asia-Pacific, focusing on the industries of mining, energy, goods delivery, shared passenger shuttle transportation, agriculture and airports.

Related Story:  Crewless 750-Ton Commercial Cargo Ship Completes A 500-Mile Voyage Successfully

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