Running Vagrant in windows server 2016 standard

I was trying to bring up a Oracle Linux instance in the windows server 2016 VM . I have installed Vagrant and VirtualBox in Windows Server 2016 Standard. Vagrant got installed, and I was tryng spin up a instance using virtualbox as provider, but I was popped with the below error. Can someone throw out some lght on this?

Stderr: VBoxManage.exe: error: The native API dll was not found (C:\Windows\system32\WinHvPlatform.dll) (VERR_NEM_NOT_AVAILABLE). VBoxManage.exe: error: VT-x is not available (VERR_VMX_NO_VMX) VBoxManage.exe: error: Details: code E_FAIL (0x80004005), component ConsoleWrap, interface IConsole

Thanks, Mawy