Oxa, backed by Google, expands its reach in industrial logistics through the acquisition of StreetDrone, an Oxford-based startup.
- StreetDrone is known for its expertise in industrial logistics, specifically in ports, fulfilment centres, and logistics hubs.
- The acquisition aims to integrate StreetDrone’s logistics solutions with Oxa’s self-driving software for a comprehensive autonomous offering.
- Oxa’s CEO, Gavin Jackson, emphasises the strategic leap this acquisition represents for delivering self-driving solutions across industries.
- StreetDrone CEO, Mike Potts, highlights the transformative potential of autonomy in enhancing industrial operations.
Oxa, a self-driving vehicle software group with notable backing from Google, has strategically acquired StreetDrone, enhancing its position in the industrial logistics sector. This acquisition reflects Oxa’s commitment to leveraging autonomous technology in the industrial sphere, building on its previous successes.
StreetDrone, an Oxford-based startup, is renowned for its specialisation in the movement and management of goods across various logistics settings such as ports and fulfilment centres. By acquiring StreetDrone, Oxa plans to merge its renowned self-driving software with StreetDrone’s logistics solutions, thereby offering a more comprehensive autonomous product to its customers.
Gavin Jackson, CEO of Oxa, termed the acquisition as a significant advancement, underscoring its importance in the company’s mission to create a complete self-driving platform. “StreetDrone joining Oxa marks another leap forward for us,” Jackson remarked, indicating the integration of StreetDrone’s technology as a pivotal element in Oxa’s future industrial logistics strategies.
The financial specifics of the acquisition remain undisclosed, yet the strategic intent is clear: to accelerate the delivery of safe, efficient, and consistent self-driving solutions across diverse industries. Such advances are expected to provide tangible benefits, including continuous operational uptime and enhanced productivity.
Echoing this enthusiasm, Mike Potts, CEO of StreetDrone, expressed excitement about collaborating with Oxa. He noted that autonomous vehicles are poised to revolutionise industrial operations by decreasing costs and increasing productivity. “We’re thrilled to be joining forces with Oxa,” Potts stated, acknowledging the shared vision for autonomy’s role in industrial fleet operations.
The acquisition of StreetDrone by Oxa marks a pivotal step towards a comprehensive integration of self-driving technologies in industrial logistics.
