ZF invests in Oxbotica to develop autonomous urban shuttles
Information about ZF invests in Oxbotica to develop autonomous urban shuttles
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 …