Wilson Sonsini Advises Oxbotica in $47 Million Series B Investment
- Client Highlights
On January 6, 2021, Oxbotica, a global leader in autonomous vehicle software, announced the completion of a $47 million Series B investment with partners across the globe led by bp ventures. Other investors in the round include BGF, Halma, HostPlus, IP Group, Tencent, Venture Science, and funds advised by Doxa Partners. With financial and strategic investors in Australia, China, the UK, and the U.S., Oxbotica is placed at the center of a global autonomy ecosystem. Wilson Sonsini Goodrich & Rosati represented Oxbotica in the transaction.
The funding will accelerate Oxbotica's commercial deployment of its world-class autonomy software platform across multiple industries and key markets. The news is an endorsement of Oxbotica's go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in the future.
In collaboration with UK partner firm Taylor Wessing, the Wilson Sonsini team that represented Oxbotica in the transaction includes Mike Labriola, Daniel Glazer, Jose Campos, Diviya Padman, and Betty Rosenbaum.
For more information, please see Oxbotica's press release.