Nvidia VC Arm Backs Oxa’s $103M Series D to Scale Industrial Autonomy
NVentures invested $50 million in Oxa's $103 million Series D, raising total funding above $250 million to expand industrial autonomous operations at ports and airports. The round also included $50 million from the UK National Wealth Fund and BP Ventures, supporting deployments with DHL, BP and Vantec.
1. NVentures Leads Series D
Nvidia's venture capital arm NVentures contributed $50 million to Oxa's $103 million Series D round, marking the largest individual commitment and raising total backing above $250 million. The investment underscores NVentures' focus on industrial mobility beyond passenger vehicles.
2. Investor Composition and Round Size
The Series D included $50 million from the UK National Wealth Fund and BP Ventures along with smaller stakes from other industrial backers. This influx follows prior funding rounds and brings Oxa's cumulative financing to over $250 million.
3. Deployment Plans and Partners
Oxa will deploy its autonomy software and hardware on heavy-duty port and airport vehicles, autonomising a port truck in under a day. Existing customers such as DHL, BP and Vantec are set to pilot expanded operations this year.
4. Strategic Impact for Nvidia
By investing in Oxa, Nvidia gains exposure to edge computing and industrial autonomy applications that complement its AI chip business. The move could drive future hardware demand for Nvidia processors in logistic and warehouse automation.