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Oxa, a UK-based self-driving startup, has raised USD 103 million to scale its autonomous vehicle technology for industrial use, including ports, airports, and warehouses. Key investors include the UK National Wealth Fund, Nvidia's NVentures, and BP Ventures. The company focuses on industrial mobile autonomy, which is less complex than passenger vehicles, and can make heavy-duty trucks autonomous in under a day. The funding will support operations with partners like DHL, BP, and Vantec, and fund upcoming project deployments, bringing total investment raised to over USD 250 million.
British autonomous vehicle startup Oxa has raised USD 103 million in a funding round to accelerate its operations in ports, airports, warehouses, and other industrial settings. The Oxford-based company confirmed that USD 50 million of this Series D round came from the UK's National Wealth Fund, alongside contributions from Nvidia's venture arm NVentures and BP Ventures. Advertisement
Oxa differs from self-driving car developers focused on passenger mobility. Founder Paul Newman emphasized that the company is concentrating on industrial mobile autonomy, where the environment is more controlled, with less traffic and fewer pedestrian interactions. Newman highlighted that developing autonomous technology for passenger vehicles is extremely complex, whereas the industrial space provides clear requirements for products.
The company develops both the software and hardware necessary to autonomise heavy-duty vehicles and claims it can make a port truck autonomous in under a day. The new investment will help Oxa expand operations with existing partners, including DHL, BP, and Vantec, and support upcoming projects that the company plans to announce soon.
This latest funding brings Oxa's total capital raised to over USD 250 million, reinforcing its position in the industrial autonomous vehicle sector. For context, another UK self-driving startup, Wayve, recently announced a USD 1.2 billion Series D round for its passenger-focused robotaxi and driver-assistance projects with Uber and several automakers.
Source Reuters
5th Jun, 2025
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