Series C11 January 2023

Oxbotica secures $140m in Series C funding to scale its autonomous vehicle software globally.

The company has raised capital from international strategic and financial partners to accelerate its expansion across multiple industries.

$140MSeries C

≈ £115M at $1 = £0.8225 on 11 Jan 2023

Oxbotica develops customisable autonomous vehicle software designed to operate across multiple industrial domains. The firm enables diverse vehicles of any size to navigate independently.

Oxbotica has raised $140m in a Series C funding round to accelerate its international expansion and deploy its autonomous operating system globally. The capital comes from a consortium of financial and strategic backers across North America, Europe, and Asia, including new participants Aioi Nissay Dowa Insurance and ENEOS Innovation Partners.

The company intends to direct the proceeds towards scaling its presence in key international markets and expanding the use of its technology into sectors such as agriculture, mining, energy, and logistics. Existing shareholders, including bp ventures, BGF, Halma, and Ocado Group, also contributed to the financing.

Founded in Oxford, the firm provides an open and modular operating system designed to give vehicles autonomous capabilities. The fresh capital follows recent trials on public roads and supports upcoming commercial deployments scheduled for 2024.

From the founder

"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."

Gavin Jackson

CEO at Oxbotica

Investor perspective

"Oxbotica sets itself apart from its competitors thanks to its ambitious vision to unlock Universal Autonomy™. We are excited to combine Oxbotica’s world-class AI and robotic techniques with our pioneering expertise in the telematics insurance arena. This will leave us well placed to develop innovative insurance products and services, creating a safer, greener, and more secure society for everyone."

Mitsuru Yamaguchi

Senior Managing Executive Officer, Aioi Nissay Dowa Insurance