UK-based self-driving vehicles software company, Oxbotica, has raised $47M (approx €38.2M) in its Series B round of funding led by BP Ventures. Investors in this round also include BGF, Halma, HostPlus, IP Group, Tencent, Venture Science, and funds advised by Doxa Partners. With financial and strategic investors in Australia, China, UK, and the USA, Oxbotica is placed at the centre of a global autonomy ecosystem, claims the company.
How will the funds be used?
Paul Newman, CTO and founder of Oxbotica, says, “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).”