Oxbotica, an autonomous vehicle software start-up, has raised $140 million in Series C investment – through which it intends to deploy its operating system for Universal Autonomy in commercial and industrial domains globally. The start-up confirmed that, with the investment, it has raised approximately $225 million to date.

The investment round includes financial and strategic partners from North America, EMEA and APAC – with new investors including Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners. A number of existing shareholders re-invested through the round, such as bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF, amongst others.

With the funds raised, Oxbotica will look to drive its expansion in the North America, EMEA, and APAC regions – accelerating the deployment of its autonomy operating system in domains such as airports, energy, goods delivery, and shared transportation. At the core of the start-up’s work is Universal Autonomy – its vision for all vehicles to operate autonomously in a safe, sustainable, manner. To date, it has supported a zero-occupancy trial on a publicly accessible road in Europe, metaverse-based testing, and an autonomous goods delivery partnership with the Ocado Group.

In the future – through a partnership with Applied EV, bp, NEVS and ZF – autonomous passenger shuttles and industry-specific vehicles equipped with Oxbotica technologies are expected to launch in 2024.