Social impact business OX receives £1.2 million in grant funding

Energy & Low Carbon Industry | Funding | South East

Social impact start-up OX has secured three grants with a total project value of £1.2 million in the past four months.

The grants, awarded by Innovate UK and the Advanced Propulsion Centre, will see OX work on separate projects with Potenza Technology and Penso to expedite the delivery of the world’s first clean transport ecosystem.

There are currently three billion people globally who lack access to basic transport provision, which creates barriers to markets, healthcare and education.

Utilising a mobility-as-a-service model akin to Uber, OX’s mission is to deliver sustainable, affordable transport in emerging markets, which will lead to significant opportunities to empower businesses and individuals.

The funding comes ahead of a busy year for OX. The team will be piloting on-the-ground operations in Rwanda in April 2021, working with local communities to further understand customer demand and needs.

Simon Davis, OX’s General Manager, commetns: “Innovate UK and the Advanced Propulsion Centre use a competitive and tough assessment process, so it is a fantastic vote of confidence in OX that we have been awarded a third grant. This project will enable us to accelerate the development of our unique zero-emission OX truck and open up new markets for us.

“I am delighted to be collaborating with Penso on this project, their expertise will be invaluable in ensuring our trucks are built to meet the requirements to operate anywhere in the world.

“We made significant progress last year towards creating the world’s first clean transport network – securing investment, winning grants, growing the team and building partnerships. This year is set to be even busier, improving our digital platform and strengthening our electric vehicle technology further.

“We start pilot operations in Rwanda in April, which will be a huge step forward. The team are incredibly excited and the pilot will demonstrate the benefits of the mobility-as-a-service platform we are building. This will pave the way to scaling our genuinely affordable and clean transport in the markets that need it most.”

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