Google revealed to have taken stake in Oxa

It’s been revealed that Google has invested in British driverless car company Oxa.

The Telegraph newspaper reports that the company has taken a 3.5% stake in the Oxford University spin-out that aims to provide the operating system for driverless car fleets.

It says company filings have revealed the investment. Google was a previously undisclosed investor in the company’s $140m (£114m) investment round announced earlier this year.

The report adds that the deal could potentially lead to tie-ups between Oxa and Google’s driverless car division Waymo if customers were to use Waymo’s cars and Oxa’s software to run driverless systems.

(Picture – Oxa)


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