What is May Mobility?
May Mobility is at the forefront of autonomous vehicle technology, specializing in the development and deployment of self-driving shuttle services. The company's core objective is to enhance public transportation by offering accessible, reliable, and eco-friendly mobility options. With a focus on safety and efficiency, May Mobility aims to integrate its autonomous solutions seamlessly into existing transit networks, thereby contributing to the creation of more livable and sustainable urban environments. Their commitment to innovation positions them as a key contributor to the future of transportation.
How much funding has May Mobility raised?
May Mobility has raised a total of $302.3M across 7 funding rounds:
Angel/Seed
$11.5M
Series A
$22M
Series B
$50M
Debt
$1M
Debt
$1.8M
Series C
$111M
Series D
$105M
Angel/Seed (2018): $11.5M with participation from Trucks Ventures, BMW, YCombinator, Maven Ventures, SV Angel, Tandem Ventures, and Toyota AI Ventures
Series A (2019): $22M led by Cyprus Capital Partners, BMW, Y Combinator, Millennium, Maven Ventures, LG Technology Ventures, Toyota AI Ventures, and Thayer Ventures
Series B (2019): $50M supported by Toyota Motor Corporation, BMW iVentures, Mirai Creation Fund/SPARX Asset Management, Millennium, Cyrus Capital Partners, and Toyota AI Ventures
Debt (2020): $1M featuring PPP
Debt (2021): $1.8M backed by PPP
Series C (2022): $111M with participation from Cyrus Capital Partners, Toyota Ventures, State Farm Ventures, Toyota Tsusho, Tokio Marine, SoftBank, Millennium, and Mirai Creation Fund II
Series D (2023): $105M led by BMW, Cyrus Capital, Toyota Ventures, State Farm Ventures, Aioi Nissay Dowa Insurance Company Australia, and NTT Group
Key Investors in May Mobility
BMW i Ventures
BMW i Ventures is a venture capital firm that invests in innovative companies across the automotive sector, focusing on technologies that enhance electric vehicles, manufacturing solutions, and digital sales platforms. They leverage BMW's expertise to support advancements in automotive technology.
Toyota Ventures
Toyota Ventures is the early-stage venture capital arm of Toyota, investing in frontier technologies such as AI, mobility, and robotics. They provide funding and strategic support to startups aiming for carbon neutrality and disruptive innovation in the mobility sector.
State Farm Ventures
State Farm Ventures is a venture capital firm that invests in startups developing technologies and products, headquartered in Bloomington, Illinois. They focus on supporting innovative companies within their strategic investment areas.
What's next for May Mobility?
The recent enterprise-level funding signifies a critical growth phase for May Mobility. This strategic capital is expected to accelerate the company's technological advancements, expand its operational footprint, and further refine its autonomous shuttle services. With substantial backing from industry leaders, May Mobility is poised to scale its deployments, enhance its autonomous driving capabilities, and solidify its position in the competitive landscape of future mobility solutions. The company's trajectory suggests a strong focus on market penetration and the continued development of its proprietary technology.
See full May Mobility company page
