ZF invests in Oxbotica to develop autonomous urban shuttles

A ZF autonomous shuttle built using software developed by self-driving startup Oxbotica is shown in this undated photo obtained by Reuters on October 7, 2021. ZF/Oxbotica/Handout via REUTERS

LONDON (Reuters) - German automotive industry supplier ZF Friedrichshafen AG will invest in British autonomous vehicle software startup Oxbotica to jointly develop driving systems for pod-like shuttles which will be able to transport people and goods.

ZF is taking a 5% stake in Oxford-based Oxbotica and will take a seat on its advisory board, the two companies said on Thursday. Financial details of the stake were not disclosed.