Oxbotica rebrands and secures £140M to scale its autonomous vehicle tech internationally
Oxbotica, the Oxford-based autonomous vehicle software developer, has changed its name to Oxa as the business prepares to scale in North America and Europe.
The new brand, says Oxa, reflects the company’s global vision and go-to-market strategy for its suite of software and services that unlock the benefits of self-driving technology for customers today.
Oxa provides businesses technology to deploy autonomy safely, securely and efficiently. This includes the software driving the vehicles, proprietary generative AI tools that accelerate deployment with Oxa MetaDriver and cloud-based tools for fleet management with Oxa Hub. The company’s platform has applications across multiple industries such as shared passenger transport, logistics, goods delivery, agriculture, energy and mining.
Gavin Jackson, CEO at Oxa said, “I am thrilled today to begin the next chapter of our business as Oxa. At a time where organisations are faced with pressing challenges posed by driver shortages, high operational costs, service limitations and net-zero targets, we have a unique opportunity in the market today. With our solutions, we can deliver the transformative benefits of autonomy to businesses now.”
The company also recently raised $140 million in Series C funding. Investors include Aioi Nissay Dowa Insurance, ENEOS Innovation Partners, bp ventures, BGF, Halma, Hostplus, Kiko Ventures, Ocado Group, Tencent, Trimble Ventures, Venture Science and ZF. To date, the business has raised approximately $225 million.
The announcement comes on the heels of the company joining forces with Goggo Network, who plan to introduce Oxa’s self-driving technology in their fleet of on-road autonomous electric vehicles, across Europe.
The company also recently partnered with Google Cloud to bring its vision for self-driving to life. With Google Cloud’s products and expertise in cloud infrastructure, the company will be able to accelerate the deployment of its autonomous software platform to customers globally. In addition, Oxa will leverage Google Cloud's proven cyber-security technologies to help ensure secure use of autonomous mobility technology.