Wayve secures £10m Series A follow on investment from Ocado Group
Ocado Group has backed autonomous mobility start-up Wayve with £10m to advance grocery delivery trials.
£10.0MSeries A
Wayve develops foundational AI software that equips vehicles with autonomous driving capabilities. The company is based in London, UK.
Wayve has secured £10m in a Series A follow on investment led by Ocado Group. The capital will be deployed to accelerate the development of autonomous grocery deliveries in complex urban environments, alongside a trial on Ocado delivery vans. The collaboration enables Ocado to test autonomous navigation on congested streets while supplying Wayve with operational data for training its machine learning models.
From the founder
"Ocado Group has been driving innovation in global grocery logistics for decades. Their cutting-edge approach to grocery operations and international reach aligns strongly with Wayve’s culture and global ambitions."
Alex Kendall
Co-Founder and CEO at Wayve