Oxbotica raises $140m in Series C investment

Today’s announcement (January 11, 2023) raises investment in the Oxford-headquartered company to $225m, with additional investors expected to sign on before the funding round closes in a few months.

Shareholders who are re-investing include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF. Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners are among new investors.

The funding will drive Oxbotica’s expansion in North America, EMEA and APAC, and accelerate the deployment of its autonomy operating system in areas including agriculture, airports, energy, goods delivery, mining and shared passenger transportation. 

In a statement, 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.”

Oxbotica’s software fulfils the company’s vision for Universal Autonomy, where any vehicle, of any size, in any place can operate autonomously, safely and sustainably.