Tuesday, April 23, 2024
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Self-driving software startup Oxbotica has raised $140 million in a series C funding round led by new investors including Japanese insurer Aioi Nissay Dowa Insurance and the venture capital arm of Japanese oil refiner Eneos. Existing investors such as Tencent and BP, as well as Kiko Ventures, also participated in the round, which takes the total funds raised by Oxbotica to date to around $225 million. The funds will be used to speed the deployment of autonomous vehicles (AVs) in heavy industry, ports, airports, and other areas. The company’s CEO Gavin Jackson said AVs using Oxbotica’s software will be in service by 2023 in the energy and agriculture sectors and private truck yards, followed by fixed-route passenger shuttles in 2024.

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