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Announced

Completed

Aioi Nissay Dowa and ENEOS Innovation Partners led a $140m Series C funding round in Oxbotica.

Financials

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Transaction Value£115m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Venture Capital

Friendly

Completed

Acquisition

Private

Minority

Private Equity

Auto Technology

autonomous driving software

United Kingdom

Synopsis

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Aioi Nissay Dowa, an automobile insurance provider, and ENEOS Innovation Partners, a corporate venture capital firm , led a $140m Series C funding round in Oxbotica, a provider of autonomous vehicle software, with participation from bp ventures, BGF, Halma, Hostplus, Kiko Ventures, Ocado Group, Tencent, and ZF. "This landmark investment from world-class investors is a tremendous validation of our strategy to apply self-driving technology where there is persistent and urgent demand—in supply chains, industrial sectors and in decongesting our cities. We share a common purpose with our investors as well as our growing number of customers and partners to make the Earth move more safely, more sustainably and more efficiently. We’re invigorated by their confidence and are moving quickly to accelerate the benefits of autonomy for everyone," Gavin Jackson, Oxbotica CEO.

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