OX secured seed funding from a private equity investor in September 2020 and are currently working with Potenza Technology to develop an electric OX that they will demonstrate at the Cenex Low Carbon Vehicles event in 2021.

The only purpose-designed electric vehicle for emerging markets.
The unique zero-emissions OX truck is designed to provide affordable transport whilst also supporting the Sustainable Development Goal focused on reducing pollution and CO₂. Specifically designed for emerging markets, the OX truck is more than capable of navigating extreme terrain in poor conditions thanks to simple, effective and durable design.

The world’s first clean-transport ecosystem.
Through an accessible pay-as-you-go app, the OX ecosystem provides affordable transport to the billions of people that will never own a vehicle; new or used. This innovative platform not only delivers clean transport but creates opportunities for social and economic development.

OX delivers opportunity.
Current transport solutions in emerging markets are widely inefficient and expensive, resulting in issues such as increased goods cost, wasted produce and inequitable trade. By delivering affordable, clean transport into emerging markets, the OX ecosystem will create a self-reinforcing cycle of economic growth and social impact.
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The OX ecosystem combines goods shipment with financial, trading & marketing services – all enabled by their unique zero-emissions truck. This allows OX, its users and their local communities to access new markets, increase their income and develop new business opportunities. Therefore creating more demand for OX and support for everyone within the ecosystem.

The OX project was begun by the Norman Trust which provided initial seed capital to develop the OX truck. The Norman Trust established The Global Vehicle Trust to exploit the OX intellectual property. 

GVT is a company limited by guarantee controlled by its directors (J.Stanger, C. Norman (also a trustee of Norman Trust) and P.Watkins). It operates on a not for profit basis.

GVT believe that for the OX to achieve scale and therefore deliver maximum impact it can and should be run on a commercial basis. Therefore GVT is establishing OX Global Ltd as a for profit business to attract equity investment to develop and operate the OX. 

OX Global will be a social impact business with B-Corp certification. GVT will reinvest any income to deploy the OX for philanthropic purposes in line with it’s founding principle.

(source: OX)