On 6 January 2021, Oxbotica, a global leader in autonomous vehicle software, announced the completion of a $47 million Series B investment with partners across the globe led by bp ventures.
Other investors in the round include BGF, Halma, HostPlus, IP Group, Tencent, Venture Science, and funds advised by Doxa Partners. With financial and strategic investors in Australia, China, the UK, and the US, Oxbotica is placed at the center of a global autonomy ecosystem.
The funding will accelerate Oxbotica's commercial deployment of its world-class autonomy software platform across multiple industries and key markets. The news is an endorsement of Oxbotica's go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in the future.
In collaboration with Wilson Sonsini, Taylor Wessing supported on UK aspects of the transaction with partner Ross McNaughton, Matt Harrison and Becca Gaunt working with Mike Labriola, Daniel Glazer, Jose Campos, Diviya Padman, and Betty Rosenbaum from Wilson Sonsini representing Oxbotica in the transaction.
For more information, please see Oxbotica's press release.