LONDON, March 4 (Reuters) - British self-driving startup
Oxa has raised $103 million from investors to scale up
autonomous vehicle operations focused on ports, airports,
warehouses and other industrial applications, it said on
Wednesday.
Oxa, based in Oxford, central England, said that $50 million
of its Series D funding round came from the UK's National Wealth
Fund and included investments from chipmaker Nvidia's ( NVDA )
venture capital arm NVentures and BP's bp Ventures.
Unlike robotaxi developers intent on passenger cars, Oxa is
focused on what founder Paul Newman calls "industrial mobile
autonomy" where there is less complexity because there is less
traffic and fewer encounters with pedestrians.
"We think trying to do that in the passenger car space is
super, super hard," Newman said. "In the industrial space, it's
extremely clear what you need to do to make a product."
Oxa designs the software and hardware to go on vehicles and
can "autonomise" a heavy-duty port truck in under a day.
The latest round brings the company's total funding to over
$250 million and will enable it to expand operations with
customers including DHL, BP and Vantec.
Newman also said the financing would go towards deploying
Oxa's technology in projects that the company will announce in
the near future.
Late last month, British self-driving startup Wayve, which is
working with Uber on robotaxis and with several automakers on
driver-assistance technology, announced a $1.2 billion Series D
funding round.