Skip to content
Subscriber Only

Autonomous Startup Used by Mining Trucks Backed by BP, Tencent

  • Software used to move mining vehicles in unpredictable terrain
  • Funds will go to commercialize software, global deployment

Oxbotica, the U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.

Investors in the round included BP Plc’s ventures arm, industrial technology firm Halma Plc, Tencent Holdings Ltd.and venture capital firm BGF, the company said in a statement on Wednesday.