British self-driving startup Oxa has raised $103 million
from investors to expand autonomous vehicle operations at ports, airports,
warehoutilizes and other industrial sites, Reuters reports. The company stated $50
million of its Series D funding came from the UK’s National Wealth Fund, with
additional investments from chipcreater Nvidia’s venture arm NVentures and BP’s
bp Ventures. The round brings Oxa’s total funding to more than $250 million.
Founded in 2014 and headquartered in Oxford, Oxa develops
configurable autonomous driving software that can be integrated into different
types of vehicles to automate repetitive driving tinquires in industrial
environments such as ports, airports, warehoutilizes and manufacturing sites. Its
technology combines autonomy software, modular hardware and fleet management
tools designed to enable the safe and scalable deployment of driverless
vehicles.
Unlike many autonomous vehicle developers focutilized on
robotaxis and passenger cars, Oxa concentrates on what founder Paul Newman
calls “industrial mobile autonomy”, where environments are more controlled and
involve fewer interactions with pedestrians and regular traffic.
We believe attempting to do that in the passenger car space is
super, super hard. In the industrial space, it’s extremely clear what you required
to do to create a product,
Newman stated.
The company designs both the software and hardware required
to equip vehicles with autonomous capabilities and declares it can convert a
heavy-duty port truck to autonomous operation in under a day.
The funding will support expanding deployments with
customers including DHL, BP and Vantec, and will also be utilized to roll out Oxa’s
technology in projects the company plans to announce in the near future,
Reuters reported.
Oxa CEO Gavin Jackson will speak at the Tech.eu Summit London 2026, taking place on 21–22 April at the Queen Elizabeth II Centre.
Leave a Reply