Oxa has enhanced its capabilities in industrial logistics through a strategic acquisition.
- The addition of StreetDrone allows Oxa to strengthen its software platform.
- StreetDrone’s technology will significantly enhance Oxa’s logistics solutions.
- This acquisition aligns with Oxa’s pursuit to transform industrial operations through autonomy.
- Oxa continues its mission to deliver comprehensive autonomous solutions across multiple industries.
Oxa, known for its pioneering role in autonomous vehicle software, has taken a significant step forward with the acquisition of the startup StreetDrone. This acquisition is a strategic move to enhance Oxa’s capabilities in the field of industrial logistics. By integrating StreetDrone’s expertise, Oxa aims to provide a more robust self-driving software platform tailored to the needs of industrial logistics.
StreetDrone, an Oxford-based company, specialises in the management of goods across ports, fulfilment centres, and logistics hubs. This will bolster Oxa’s offering by integrating advanced logistics solutions into its existing software. Gavin Jackson, CEO of Oxa, remarked, “StreetDrone joining Oxa marks another leap forward for us as we continue to build the world’s most comprehensive self-driving software platform.”
The strategic alignment is further reinforced by StreetDrone’s commitment to transforming industrial operations. By merging with Oxa, the combined expertise is expected to significantly improve operational efficiencies. Mike Potts, CEO of StreetDrone, stated, “Autonomous vehicles will transform industrial operations – enabling 24/7 uptime, reduced operational costs and increased productivity.”
Although Oxa has not disclosed the financial terms of the acquisition, public records show that StreetDrone holds approximately £166,000 in assets as of 2023. The acquisition is part of Oxa’s larger strategy following its substantial £105.9 million Series C funding last year. This financial backing has been pivotal for Oxa’s ongoing expansion and enhancement of its technological offerings.
The acquisition of StreetDrone marks a significant milestone in Oxa’s journey towards revolutionising industrial logistics through autonomous technology.
