What is May Mobility?
May Mobility operates at the intersection of robotics and public transit, specializing in the development and deployment of autonomous vehicle technology. The company distinguishes itself by focusing on shuttle solutions that complement, rather than replace, traditional public transportation options. By leveraging sophisticated self-driving systems, May Mobility aims to optimize land use, enhance road safety, and provide reliable transit alternatives in complex urban environments. Its market position is reinforced by a robust portfolio of autonomy-enabled rides, positioning the firm as a key player in the global transition toward automated, green, and accessible transportation infrastructure.
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 Maven Ventures, Trucks Ventures, SV Angel, Toyota AI Ventures, BMW, Tandem Ventures, and YCombinator
Series A (2019): $22M led by BMW, LG Technology Ventures, Cyprus Capital Partners, Y Combinator, Millennium Technology Value Partners, Thayer Ventures, Toyota AI Ventures, and Maven Ventures
Series B (2019): $50M supported by Millennium Technology Value Partners, BMW iVentures, Toyota Motor Corporation, Toyota AI Ventures, Cyrus Capital Partners, and Mirai Creation Fund/SPARX Asset Management
Debt (2020): $1M featuring PPP
Debt (2021): $1.8M backed by PPP
Series C (2022): $111M with participation from Tokio Marine, SoftBank, Toyota Tsusho, Toyota Ventures, Cyrus Capital Partners, State Farm Ventures, Mirai Creation Fund II, and Millennium Technology Value Partners
Series D (2023): $105M led by BMW, Toyota Ventures, Aioi Nissay Dowa Insurance Company Australia, NTT Group, State Farm Ventures, and Cyrus Capital
Key Investors in May Mobility
Toyota Motor Corporation
A global leader in automotive manufacturing, Toyota provides extensive industrial expertise and strategic resources to support the development of next-generation mobility systems.
BMW i Ventures
The venture capital arm of BMW, focusing on innovative technologies that enhance electric vehicles, digital sales platforms, and the broader automotive ecosystem.
SoftBank
A major telecommunications and technology conglomerate that invests in AI-enabled infrastructure and digital ecosystems to drive global digital transformation.
What's next for May Mobility?
With the recent infusion of capital, May Mobility is well-positioned to scale its operations and refine its autonomous shuttle technology for broader commercial application. The strategic backing from major automotive and insurance entities suggests a focus on deepening integration within existing dealer networks and expanding into new geographic markets. As the company moves beyond its current lifecycle stage, the emphasis will likely shift toward achieving greater operational efficiency and accelerating the deployment of its self-driving fleets to meet the growing demand for sustainable, on-demand transit solutions in both public and private sectors.
See full May Mobility company page
