Iván Hernández Dalas: Oxa closes Series D funding to bring industrial mobility automation to market

Oxa’s systems tow and carry goods in ports, airports, or manufacturing facilities, as well as monitor assets and perimeters in solar farms or industrial plants.

Oxa’s systems tow and carry goods in ports, airports, or manufacturing facilities, as well as monitor assets and perimeters in solar farms or industrial plants. Source: Oxa

Oxa Autonomy Ltd., a developer of autonomous vehicle technology, this month closed a $103 million Series D round. The company said the investment will enable it to intensify its focus on commercializing the automation of repetitive industrial driving tasks.

“These investments validate our intensified focus on industrial mobility automation (IMA), where the path to commercial deployment at scale is clearest and most immediate,” said Paul Newman, founder and chief technology officer of Oxa.

“The capital will supercharge the development of our technology, enabling our industrial customers to benefit from significant productivity gains, lower operational costs, and increased workplace safety sooner,” he added. “We are proud to be developing world-leading technology here in the U.K., fundamentally changing the way industry moves and cementing our position as the category leader for IMA globally.”

Industrial mobility automation designed for different vehicles

The Oxa Driver is configurable self-driving software that enables safe and efficient autonomy, including perception, reasoning, and vehicle control, said Oxa. The Oxford, U.K.-based company uses its Foundry toolchain and generative AI to train the Oxa Driver for each new customer site.

Oxa said its technology can be deployed on over 20 different vehicle types. The company upfits existing vehicles produced by OEMs with its self-driving software. These vehicles can tow, carry, and monitor industrial environments.

The Oxa Reference Autonomy Designs (RADs) provide detailed blueprints for consistent and repeatable integration of autonomy, ensuring overall system quality and reliability.

The company also offers Oxa Hub, a suite of cloud services for managing fleets driven by Oxa Driver, offering everything from remote assist and task design to an API for optional integration with existing logistics systems. It supports regulatory compliance through data analytics and in-use monitoring.

In addition, Oxa Hub includes workspace mapping, digital twin creation, and maintenance services, such as calibration.

Beyond industrial driving, Oxa also deploys its technology on public roads. In August 2025, it deployed the Oxa Driver on a public shuttle in Harlander, Northern Ireland.

The Harlander service features electric eVersum shuttles that travel a one-mile loop in Belfast’s Titanic Quarter. Carrying up to eight passengers, the shuttles connect the railway station with a growing innovation district.

Oxa to further develop software, market outreach

The National Wealth Fund provided an initial $50 million to the round. NVentures, NVIDIA‘s venture capital arm, also participated in the round. Existing shareholders IP Group, Hostplus, and bp Ventures also contributed.

Oxa said it plans to use the funding to develop its physical AI and robotics technology, including its Oxa Driver configurable and explainable self-driving software and the Oxa Foundry development toolchain. It will also enable expansion with Oxa’s customers, such as DHL, Vantec, and bp.

The funding will also fuel Oxa’s global expansion plans, with a strategic focus on key markets across the U.K., Europe, and the Middle East. The company said it expects to close a second and final Series D round this year.

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