Oxford-based Oxa has announced the first close of its Series D funding round, totaling $103 million. The company will use the funds to expand the deployment of its autonomous driving platform for the industrial logistics sector.

Investors

The round includes a $50 million commitment from the UK National Wealth Fund, along with investments from NVentures (NVIDIA’s venture capital arm), IP Group, Hostplus, and bp Ventures. This funding represents a vote of confidence in Oxa's technology and its potential to transform the autonomous vehicle sector.

Autonomous driving in the industrial sector

The use of self-driving vehicles in industrial settings offers numerous advantages, including increased efficiency, reduced operating costs, and improved safety. Oxa's platform is designed to operate in complex and dynamic environments, typical of industrial sites.