ZF invests in Oxbotica to develop autonomous urban shuttles

ZF invests in Oxbotica to develop autonomous urban shuttles

ZF invests in Oxbotica to develop autonomous urban shuttles

Information about ZF invests in Oxbotica to develop autonomous urban shuttles

Kevin David


By Nick Carey
LONDON (Reuters) – German automotive industry supplier ZF Friedrichshafen AG will invest in British autonomous vehicle software startup Oxbotica to jointly develop driving systems for pod-like shuttles which will be able to transport people and goods.
ZF is taking a 5% stake in Oxford-based Oxbotica and will take a seat on its advisory board, the two companies said on Thursday. Financial details of the stake were not disclosed.
The investment is the latest in a series of deals and projects that ZF, which had 2020 revenue of 32.6 billion euros ($37.7 billion), has announced that are aimed at helping the German auto supplier bolster its expertise in autonomous-driving technologies.
“Together with Oxbotica, we are developing self-driving systems for autonomous people and cargo movers addressing the current challenges …

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