We’re pleased to share that our portfolio company Oxa, a global leader in autonomous vehicle technology, has announced the successful first close of its Series D funding round, raising $103m.
The first close includes a $50m commitment from the UK’s National Wealth Fund, alongside backing from NVentures (NVIDIA’s venture capital arm) and further investment from existing shareholders including IP Group, Hostplus, and bp Ventures. We are pleased to see the continued support from our parent company, IP Group.
This investment will enable Oxa to accelerate the commercialisation of its Industrial Mobility Automation (IMA) solutions — automating repetitive industrial driving tasks across ports, airports, manufacturing facilities and other controlled environments. It also supports ongoing development of Oxa’s key technologies, including Oxa Driver and Oxa Foundry, and will help expand deployments with customers such as DHL, Vantec and bp.
The funding further strengthens Oxa’s plans for global expansion across the UK, Europe and the Middle East, where opportunities for industrial autonomy continue to grow.
Moray Wright, CEO of Parkwalk, said: “We are delighted to see Oxa complete the first close of its Series D round — a strong endorsement of its leadership in autonomous vehicle technology and its clear commercial momentum in Industrial Mobility Automation. Oxa continues to exemplify the breakthrough innovation that Parkwalk is committed to supporting — translating world‑class UK engineering and physical AI into solutions with immediate, global industrial relevance.
We are also pleased that our parent group, IP Group, has participated again in this round, reinforcing our shared long‑term belief in Oxa’s vision. This investment positions the company to accelerate development and scale its technology with major industrial partners globally.”
To find out more about Oxa, visit their website or our portfolio page here.