Oxa Secures $20M Funding, Stays Afloat
Update: 2025-12-30
Description
Oxa, a British self-driving car company, secures a significant funding boost from BP Ventures and IP Group, totaling nearly twenty million pounds. This investment comes after Oxa admitted financial struggles and needed funds to pay debts and stay operational. Founded by Oxford University engineer Professor Paul Newman, Oxa has made history with autonomous vehicle testing and currently operates airport shuttles in the US. Despite recent delays in a new funding round, investors, including Nvidia, Ocado, and Google, have shown confidence in the companys potential. The latest funding is a convertible note that could convert to shares, signaling a positive outlook for Oxa and the UKs AI industry. Checkout Solipillow.com
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