Smart Transport

Oxbotica raises £35m to boost autonomous vehicle development

Oxbotica test vehicle

Oxbotica has raised £35 million in a new round of investment to help roll out its autonomous vehicle software globally.

Global investors in the round include BGF, BP Ventures, Halma, HostPlus, IP Group,Tencent, Venture Science, and funds advised by Doxa Partners. 

Oxbotica was founded in 2014 by Oxford University professors, Paul Newman and Ingmar Posner. 

Since then, the company has grown from a UK robotics start-up to one of the world’s leading autonomy companies.

Newman, chief technology officer and founder of Oxbotica, said: “We have a vision, we have the technology, we have the team, we see the markets and we have the customers.

“Adding these high quality investors to this mix, means we can continue to accelerate Oxbotica, and change the way bits (software) move atoms (people and goods).”

Erin Hallock, BP Ventures managing partner, said: “We believe Oxbotica’s software could accelerate the market for autonomous vehicles.

“Helping to accelerate the global revolution in mobility is at the heart of BP’s strategy to become an integrated energy company focused on delivering solutions for customers.”

 Transport Minister Rachel Maclean

Virtual Smart Transport Conference 2020 presentations available to view now

After three packed days of content the first Virtual Smart Transport Conference has come to a close, but delegates can now gain free access to rewatch all the presentations during the show.

How to watch the presentations

Videos can be accessed by heading to the Agenda & Live Stream section of the Virtual Smart Transport Conference event website and choosing sessions to watch from across the three days.

The event featured thought leadership presentations from over 45 key stakeholders from the public and private sector, with opening statements from transport minister Rachel Maclean (pictured) and Mayor for Greater Manchester Combined Authority Andy Burnham.

Watch now



Comment as guest


Login / Register

Comments

No comments have been made yet.