Oxa Raises $103M in Series D Funding to Accelerate Autonomous Vehicle Technology
Oxa, a global leader in autonomous vehicle (AV) technology, has announced the first close of its Series D funding round, securing $103 million to accelerate the development and commercialization of its Industrial Mobility Automation (IMA) solutions.
The funding marks a major milestone for the UK-based autonomous driving company as it continues expanding its AI-driven robotics and self-driving technology for industrial applications.
Key Investors Back Oxa’s Autonomous Mobility Vision
The first close of the Series D round includes a $50 million commitment from the National Wealth Fund, along with investments from:
- NVentures – the venture capital arm of NVIDIA
- IP Group
- Hostplus
- bp Ventures
This strong backing from institutional investors and strategic partners highlights growing confidence in autonomous mobility solutions for industrial environments.
Driving the Future of Industrial Mobility Automation
The newly raised capital will help Oxa accelerate the development of its advanced physical AI and robotics technology, including:
- Oxa Driver – a configurable and explainable self-driving software platform
- Oxa Foundry – a comprehensive development toolchain for autonomous vehicle deployment
These technologies enable businesses to automate repetitive industrial driving tasks, improving productivity and operational efficiency.
Expanding Partnerships with Global Industry Leaders
Oxa is already working with several major companies across industries, including:
- DHL
- Vantec
- bp
The funding will help strengthen these partnerships while enabling the company to scale deployments of its autonomous solutions across multiple sectors.
Autonomous Vehicles Transforming Industrial Operations
Industries such as ports, airports, logistics hubs, and manufacturing facilities are ideal environments for early adoption of autonomous vehicles.
Oxa’s solutions support applications such as:
- Transporting goods within industrial facilities
- Autonomous towing and carrying of cargo
- Monitoring assets and perimeters in locations like solar farms and industrial plants
By introducing automation, businesses can tackle key operational challenges such as labor shortages, rising costs, and workplace safety concerns.
Global Expansion Across Key Markets
The Series D funding will also support Oxa’s global growth strategy, with a focus on expanding into major markets including:
- United Kingdom
- Europe
- Middle East
These regions present significant opportunities for deploying autonomous mobility technology across industrial sectors.
Government Support for Autonomous Technology Innovation
According to Chris McDonald, UK Minister for Industry, investments in companies like Oxa are vital for strengthening the country’s leadership in advanced technology.
The UK government’s Advanced Manufacturing Sector Plan aims to position the country as a global leader in automation, connected mobility, and digital innovation.
Oxa’s Vision for the Future of Automation
Paul Newman, Founder and CTO of Oxa, emphasized that the funding validates the company’s focus on Industrial Mobility Automation.
The investment will help accelerate the deployment of autonomous technologies that deliver:
- Higher productivity
- Lower operational costs
- Improved workplace safety
Newman highlighted that Oxa is developing world-leading autonomous technology in the UK, helping transform how industries move goods and manage operations.
National Wealth Fund Supports Autonomous Mobility Growth
The National Wealth Fund believes the investment will help unlock the full potential of connected and autonomous mobility, driving economic growth while creating thousands of skilled jobs.
Advanced manufacturing, digital technology, and transport are among the key priority sectors for the fund’s investment strategy.
What’s Next for Oxa?
Oxa expects the second and final close of its Series D funding round in the first half of 2026, further strengthening its ability to scale autonomous vehicle solutions globally.
Financial advisory services for the funding round were provided by Nomura International plc.
