Halma Expands Strategic Partnership with Oxbotica
11 January 2023
Halma, the global group of life-saving technology companies, today announces1 that it has increased investment in the latest funding round for Oxbotica, a global leader in autonomous vehicle software.
Navtech Radar, a Halma company, has an established strategic partnership with Oxbotica pre-dating an initial Halma investment, announced in January 2021. The investment demonstrates continued opportunity for Navtech Radar to grow in niche market autonomous vehicle applications, such as warehouse logistics.
“Oxbotica’s vision for Universal Autonomy™, providing a safe and sustainable operating system for autonomy that is independent of workplace and vehicle type, takes us a step closer to safer roads and a cleaner environment, aligning with our purpose to grow a safer, cleaner, and healthier future for everyone, every day,” said Wendy McMillan, Sector Chief Executive for Safety, Halma. “Future generations will benefit from Oxbotica’s ongoing technology partnership with Halma company Navtech Radar as they jointly develop ways to drive more dependable autonomous performance with radar sensors.”
The investment in Oxbotica stays within Halma Ventures2, Halma’s Corporate Venturing arm that aims to create partnerships, including minority investments, in start-ups that offer Halma’s companies access to new technology and capabilities.
“The success of Oxbotica’s latest funding round is excellent news. Not only for Oxbotica, but also for the autonomous vehicle industry and for all customers of this world-beating technology,” said Phil Avery, Founder and Managing Director, Navtech Radar.
The Navtech Radar / Oxbotica partnership: Unlocking the full potential of autonomous vehicles
Challenge: Self-driving vehicles must sense their environment and move beyond what a human can see. Some self-driving vehicles use GPS, cameras, LiDAR, or other sensors to navigate. However, these other technologies do not always work in adverse conditions, including fog, snow, dusty environments, or where GPS is unavailable.
Solution: Navtech Radar and Oxbotica joined forces to develop a solution that complements other sensors. It harnesses the power of advanced radar and innovative software to provide reliable operation in all weather and environmental conditions. This enables consistent autonomous vehicle operations in the most demanding applications.
Outcome: The companies are offering the Terran360 radar-based localisation solution, combining Navtech’s all-weather radar technology and Oxbotica’s unique software, for a range of industrial environments such as port operations and logistics where consistent operation is an absolute requirement.
A video of the collaboration can be found here.
Notes for editors
About Halma and Navtech Radar
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad market areas where it operates:
Safety: Protecting people's safety and the environment as populations grow, and enhancing worker safety.
Environment: Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
Health: Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.
For the past three years Halma has been named one of Britain's Most Admired Companies by Management Today.
Navtech Radar is a world-leading innovator, designer, manufacturer, and installer of commercially deployed radar solutions. The company’s ground-breaking technology is utilised by clients across a range of industry sectors, including Security, Industrial Automation and Traffic Safety.
The company has harnessed the power of the latest millimetre-wave radar technology for commercial applications, offering cost-effective solutions of the highest quality. Renowned for investing heavily in innovation, research, and development, Navtech Radar have earned an unrivalled reputation for products that are high performance, robust and extremely reliable. Their systems are often used in mission-critical applications where safety and security are vital.
About Oxbotica
Oxbotica is a global leader in autonomous vehicle software for businesses and is on a mission to make the Earth move, unlocking the benefits of self-driving technology to every person and every organisation on the planet. Its suite of products—Oxbotica Driver™, Oxbotica Cloud™ and Oxbotica MetaDriver™—is enabling Universal Autonomy™: the ability of any vehicle, of any size, in any location to operate autonomously, safely and sustainably.
Oxbotica, headquartered in Oxford, UK, and Toronto, Canada, is advancing autonomy in multiple domains alongside its category-defining customers and partners, such as bp, NEVS, Ocado Group, Wenco International Mining Systems Ltd., and ZF. Through its open, modular and customisable operating system for autonomy, Oxbotica provides customers with complete flexibility on how to deploy the technology to suit their unique needs.
For more information: https://www.oxbotica.com/
For further information, please contact:
Charles King, Head of Investor Relations +44 (0) 7776 685 948
Clayton Hirst, Director of Corporate Affairs +44 (0) 7384 796 013
Jocelyn Saunders, Head of External Communications +44 (0) 7769 371 332
1. Halma will not issue a Regulatory News Service (RNS) and will provide an update on the news during FY23 Results.
2. Since 2019, Halma Ventures has invested more than £16.5 million across 5 start-ups.
