Finance
UK self-driving startup oxa raises $103mln to scale up at ports, airports
Published by Global Banking & Finance Review®
Posted on March 4, 2026
2 min readLast updated: March 4, 2026
Quick Summary
British autonomous‑vehicle software company Oxa (formerly Oxbotica) has raised $103 million in a Series D round—half from the UK’s National Wealth Fund, with participation from Nvidia’s NVentures and bp Ventures—to expand its industrial autonomy operations in ports, airports and warehouses.
Oxa Secures $103M to Boost Autonomous Vehicle Operations at Ports and Airports
Oxa's Funding and Focus on Industrial Autonomous Vehicles
Major Investment Details
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 venture capital arm NVentures and BP's bp Ventures.
Industrial Mobile Autonomy vs. Robotaxis
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's Technology and Expansion Plans
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.
Industry Context: Other UK Autonomous Vehicle Startups
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.
(Reporting By Nick Carey; editing by Barbara Lewis)
Key Takeaways
- •Oxa focuses on “industrial mobile autonomy,” enabling rapid deployment of self‑driving technology in controlled environments like ports and airports—with deployment in under a day per vehicle
- •The $103 million Series D brings total funding above $250 million; key backers include the UK’s National Wealth Fund, Nvidia’s NVentures and bp Ventures
- •This funding positions Oxa to scale with clients such as DHL, BP and Vantec, and follows Wayve’s recent $1.2 billion raise in the robotaxi space, highlighting distinct paths in UK AV innovation
Frequently Asked Questions about UK self-driving startup Oxa raises $103mln to scale up at ports, airports
1How much funding did Oxa raise in its latest round?
Oxa raised $103 million in its latest Series D funding round.
2What is the focus of Oxa's autonomous vehicle operations?
Oxa focuses on industrial mobile autonomy for ports, airports, warehouses, and other industrial applications.
3Who were the key investors in this funding round for Oxa?
Investors included the UK's National Wealth Fund, Nvidia's NVentures, and BP’s bp Ventures.
4How does Oxa's approach differ from other self-driving startups?
Oxa concentrates on industrial vehicles rather than passenger cars, targeting less complex environments.
5How much total funding has Oxa received to date?
With the latest round, Oxa's total funding now exceeds $250 million.
