The money will help the company deploy its operating system for Universal Autonomy in commercial and industrial domains around the world.
The Series C funding accommodates growing demand from new and current shareholders, with additional investors expected to sign on before the funding round closes in a few months.
Investors come from North America, EMEA and APAC, including new investors such as Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners.
Current Oxbotica shareholders who are re-investing include bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF, amongst other global companies.
Following today’s announcement, Oxbotica has raised approximately $225 million to date.
The funding will drive Oxbotica’s geographical expansion in North America, EMEA and APAC, and accelerate the deployment of its autonomy operating system in domains where there is both need and potential to scale, such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.
The latest commitments signal continuing investor confidence in Oxbotica’s aim to enable any vehicle, of any size, in any place to operate autonomously, safely and sustainably.
