Oxbotica to develop multi-purpose self-driving vehicle with AppliedEV

By Nick Carey

LONDON, Sept 8 (Reuters) - Self-driving software startup
Oxbotica said on Wednesday it has teamed up AppliedEV to develop
a fully autonomous multi-purpose vehicle that could be suitable
for a variety of commercial uses.

The first deployments of the self-driving electric vehicles
(EVs) will be in industrial logistics and automated goods
delivery.

"We have an ambitious deployment goal over the coming years,
driven by an extraordinary market appetite for a world-class
product," Oxbotica founder Paul Newman said in a statement.

In April, British online grocer Ocado said it would
invest 10 million pounds ($13.8 million) in Oxbotica as part of
a tie-up that aims to reduce the cost of last-mile delivery and
other logistics.

"We are really excited and supportive of this collaboration
between Oxbotica and AppliedEV as we see it as an important step
on our journey to developing advanced autonomous mobility
solutions for the Ocado Smart Platform," said Alex Harvey, head
of advanced technology at Ocado Technology.

AppliedEV, an autonomous EV maker founded by former Tesla
Inc and General Motors Co executives, will
provide the EV platform for the vehicle.

AppliedEV Chief Executive Julian Broadbent said the
partnership could bring "strong commercial outcomes" in as
little as 12 months.

In January, Oxbotica said it had raised $47 million in a
funding round led by the venture arm of oil giant BP and
which included health and safety device maker Halma Plc
and Tencent.
($1 = 0.7255 pounds)
(Reporting By Nick Carey; Editing by Cynthia Osterman)