Autonomous vehicle firm to drive expansion with £115m fundraise
Bristol-based lawyers at law firm Osborne Clarke have advised BGF on its investment in a £115m Series C funding round at Oxbotica, a specialist in autonomous vehicle software for businesses.
The funding will be used to drive Oxford-based Oxbotica’s global expansion and accelerate commercialisation of its self-driving technology.
The investment round accommodates growing demand from the market and current shareholders and includes financial and strategic partners from around the world, including new investors such as Aioi Nissay Dowa Insurance Co. Ltd and ENEOS Innovation Partners.
Current Oxbotica shareholders who are re-investing alongside BGF include bp ventures, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF.
BGF previously participated in Oxbotica’s $47m funding round, investing £6m.
The Osborne Clarke team that advised long-standing client BGF included Bristol-based associate director James Taylor and associate Olivier Jacquelin.