According to ITV news, the technology and engineering business is building a large factory in Kidlington, which it plans to open in April.
The Mi-Link project features a 16-seat, single-decker minibus with a range of sensors and optical cameras with state-of-the-art artificial intelligence to control all steering, acceleration and braking without human intervention.
The Series C funding accommodates growing demand from new and current shareholders, with additional investors expected to sign on before the funding round closes in a few months.
Williams Advanced Engineering has been re-branded as WAE Technologies Limited following the acquisition of the world-leading technology and engineering services business by Fortescue in March 2022.
The funding will help the business accelerate the development of its energy solution, which allows owners and operators of commercial buildings to reduce their heating bills and carbon footprint.
The brand’s German owner BMW said it is planning to halt production of the electric cars at its Oxford factory next year, despite the city’s status as the historic home of the MINI.
The new Defence Cyber Academy will develop sovereign and international courses and support the UK’s endeavours in developing the national cyber profession – launching in 2022.
The new facility will provide 10,000 sq ft of mixed laboratory and engineering space and will be core to producing the company’s synthetic ZERO® aviation fuels in the coming months.
Based out of the Innovation Centre at Milton Park, NorthRow delivers Anti-Money Laundering (AML) and compliance software for regulated businesses.
The Metron3D system features the company’s proven Rapid Probe Microscope (RPM) technology together with modules from leading industry suppliers to enable maximum performance and reliability.
Arrival has successfully completed all the required functional and safety testing to achieve EUWVTA, which is a critical step towards starting trials with customers in the coming months.
The sale includes Johnson Matthey’s assets at the Battery Technology Centre in Oxford & Battery Technology Centre and pilot plant in Billingham, a research centre in Moosburg, Germany and the partly constructed site in Konin, Poland.