Oxbotica secures $47m Series B funding led by bp ventures to scale autonomy software deployment
The Series B round was led by bp ventures with participation from a global investor syndicate.
Oxbotica develops universal autonomy software designed to operate across multiple vehicle types and environments. Its technology powers autonomous transport solutions for industrial and commercial applications.
Oxbotica has closed a $47m Series B financing round headed by bp ventures, welcoming a broad international syndicate of backers. The fresh capital will drive the commercial rollout of its universal autonomy platform across various industrial sectors globally.
The raise brings together strategic and financial participants from the UK, US, Australia, and China. Existing backer IP Group also contributed to the syndicate alongside new entrants supporting the firm's growth strategy.
The enterprise focuses on deploying its technology in industrial settings before expanding into urban passenger transport applications. GP Bullhound acted as financial advisor to the company on the transaction.
From the founder
"We are very excited about the amazing endorsement we have received from new and existing investors. This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships. The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology."
Ozgur Tohumcu
CEO at Oxbotica
Investor perspective
"Oxbotica provides autonomy where it makes sense today: delivering safety, cost and environmental benefits. Two years after IP Group’s first investment, we are delighted to be able to welcome multiple value-adding investors to the share register. This substantial funding round will enable Oxbotica to move to the next stage, delivering those benefits in multiple applications across the globe."
Jamie Vollbracht
Partner, Cleantech, IP Group
Use of funds
- 01Expand into international markets
