Autonomous driving technology leader Oxbotica has raised £115 million in Series C funding.
The Oxford-based firm, 12th on our recent TransportTech 50 ranking, will use the investment to drive expansion in North America, EMEA and APAC.
Kiko Ventures, listed IP Group’s cleantech platform, supported the round which included financial and strategic partners from North America, EMEA and APAC, including new investors including Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners and current shareholders bp ventures, BGF, Halma, Hostplus, Ocado Group, Tencent, Venture Science and ZF, amongst other global companies.
Oxbotica has raised approximately $225m to date.
The funding will accelerate the deployment of its ground-breaking autonomy operating system in domains where there is both urgent need and potential to scale, such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.
It said last year it plans to deploy autonomous vehicles before 2024.
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Its suite of products – Oxbotica Drive, Oxbotica Cloud and Oxbotica MetaDriver – is enabling what it calls ‘universal autonomy’ – the ability of any vehicle, of any size, in any location to operate autonomously, safely and sustainably.
“Crucially, Oxbotica is deploying solutions in applications where there is a need for autonomy today,” said Jamie Vollbracht, founding partner at Kiko Ventures.
“The systemic benefits of such autonomy solutions, and how they will radically improve the future of transportation, shouldn’t be underestimated.
“We are delighted to be part of the journey with the team and congratulate the leadership on this substantial fundraise.”