Strong startup funding is driving Oxa’s rapid expansion into the U.S. market. Backed by major investors like Google, the UK-based autonomous vehicle software company is leveraging its financial strength to scale operations, withstand tariff challenges, and move its innovative technologies from beta testing to full commercial deployment.
Google-backed UK startup accelerates commercial rollout of autonomous tech, powered by robust investment support.
Oxa, a UK tech firm specializing in autonomous vehicle software, says its U.S. operations remain resilient against Trump-era tariffs, thanks to strong startup funding and a localized approach. Founded in 2014, Oxa develops self-driving tech for controlled environments like solar farms and factories. With £250 million raised and a 3.5% stake from Google, Oxa employs 400 people globally, including 40 in the U.S. CEO Gavin Jackson noted that their U.S.-manufactured tech aligns with Buy America regulations, minimizing tariff impacts.
Startup Funding Fuels Commercial Scaling
Strong startup funding has enabled Oxa to move confidently from beta testing to “general availability” across sectors such as asset monitoring, light towing at airports, and heavy towing at ports. Jackson announced that clients like BP and Ocado are already using Oxa’s autonomous vehicles for tasks like monitoring solar farms to prevent fire risks.
The startup’s deep financial backing has been crucial in supporting its transition from pilot projects to revenue-generating operations. Jackson stated that Oxa is now on “the precipice of commercial scaling,” a critical step toward achieving profitability.
Path Ahead: More Growth, More Capital
While Oxa reported a £42 million loss on a turnover of £794,000 in 2023, Jackson stressed that as a deep tech, venture-stage company, profitability remains a few years away. However, he assured that Oxa is well-capitalized and capable of sustaining operations through its growth phase.
When asked if Google might increase its stake, Jackson remained noncommittal but confirmed that existing investors recognize the ongoing need for strong startup funding as Oxa continues to expand.
