Your Source for Venture Capital and Private Equity Financings

Venture Capital News: May Mobility Closes $105M Series D Financing

2023-11-07
ANN ARBOR, MI, May Mobility today announced the company's closing of a $105 million Series D round as part of its ongoing fundraising efforts.
May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, today announced the company's closing of a $105 million Series D round as part of its ongoing fundraising efforts. The all-equity round has been led by Japanese telecommunications powerhouse, NTT Group and joined by new and existing financial and strategic investors including Toyota Ventures, Aioi Nissay Dowa Insurance Company, State Farm Ventures¨, BMW i Ventures, Cyrus Capital and Trucks Venture Capital thus far. May Mobility's Series B and C were led by Toyota Motor Corporation and SPARX Group Co. respectively. This latest round brings May Mobility's total funding to approximately $300 million to date.

May Mobility develops autonomous vehicle (AV) technology and deploys fleets of vehicles to municipal and business customers. Its proprietary Multi-Policy Decision Making (MPDM) system is at the core of its mission to help make cities safer, greener and more accessible. MPDM's proven track record has delivered more than 350,000 autonomy-enabled rides to date in several public transit applications across the U.S. and Japan. With key strategic partnerships including some of the world's most innovative automotive and transportation companies, such as Toyota Motor Corporation and NTT, May Mobility aims to achieve the highest standard in rider safety, sustainability and transportation equity.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors