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Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer's logistics network – TechCrunch

Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network
Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations, is making an investment today into what it believes will be the next chapter of how that business will grow: it is taking a £10 million ($13.8 million) stake in Oxbotica, a UK startup that develops autonomous driving systems.
Ocado is treating this as a strategic investment to develop AI-powered, self-driving systems that will work across its operations, from vehicles within and around its packing warehouses through to the last-mile vehicles that deliver grocery orders to people’s homes. It says it expects the first products to come out of this deal most likely in closed environments like warehouses rather than open streets to be online in two years. ....

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City snapshot: Ocado invests in AI firm Oxbotica to develop vehicle fleet

By Alec Mattinson2021-04-16T07:55:00+01:00
Top story
Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles.
The two will collaborate on hardware and software interfaces for autonomous vehicles, enhancing and integrating Oxbotica’s autonomy software platform into a variety of vehicles.
Ocado said the usage will range from vehicles that operate inside of Ocado’s Customer Fulfilment Centre buildings and the yard areas that surround them, all the way to last-mile deliveries and kerb-to-kitchen robots.
The multi-year collaboration has the ultimate ambition of enabling Ocado’s partners that use the Ocado Smart Platform to reduce the costs of last-mile delivery and other logistics operations. ....

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Ocado Group plc (via Public) / Ocado Invests in Oxbotica

Ocado Group plc (via Public) / Ocado Invests in Oxbotica
publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.

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Ocado Invests In Autonomous Vehicle Software Firm Oxbotica; Plans New Vehicles For Smart Platform

Ocado Invests In Autonomous Vehicle Software Firm Oxbotica; Plans New Vehicles For Smart Platform
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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Investegate |Ocado Group PLC Announcements | Ocado Group PLC: Ocado Invests in Oxbotica

Investegate |Ocado Group PLC Announcements | Ocado Group PLC: Ocado Invests in Oxbotica
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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