British self-driving startup Oxa has raised $103 million to scale its autonomous vehicle operations in industrial environments such as ports, airports, and warehouses.
Funding Details
The Series D funding includes a $50 million investment from the UKโs National Wealth Fund, along with contributions from Nvidiaโs NVentures and BP Ventures. This brings Oxaโs total funding to over $250 million.
Focus on Industrial Autonomy
Founded in 2014 and headquartered in Oxford, Oxa focuses on developing configurable autonomous driving software that can be integrated into different types of vehicles. Unlike many companies targeting robotaxis, Oxa concentrates on more controlled industrial environments with fewer interactions with pedestrians and regular traffic.
Technology and Implementation
Oxa designs both the software and hardware required to equip vehicles with autonomous capabilities. The company claims it can convert a heavy-duty port truck to autonomous operation in under a day. The funding will be used to expand deployments with customers including DHL, BP, and Vantec, and to implement Oxaโs technology in new projects.
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