What is May Mobility?
May Mobility is a leader in the autonomous vehicle sector, specializing in the development and deployment of self-driving shuttle systems. The company's core value proposition lies in its commitment to complementing public transportation options, thereby enhancing accessibility and reliability for urban commuters. By focusing on safety and sustainability, May Mobility aims to optimize land use and foster more vibrant, livable urban environments. Its technology stack is designed to navigate complex traffic environments, providing a scalable alternative to traditional transit models while reducing the carbon footprint of daily commutes.
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 SV Angel, YCombinator, Tandem Ventures, Toyota AI Ventures, BMW, Maven Ventures, and Trucks Ventures
Series A (2019): $22M led by Maven Ventures, LG Technology Ventures, Millennium, BMW, Toyota AI Ventures, Thayer Ventures, Cyprus Capital Partners, and Y Combinator
Series B (2019): $50M supported by Mirai Creation Fund/SPARX Asset Management, Toyota Motor Corporation, Millennium, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures
Debt (2020): $1M featuring PPP
Debt (2021): $1.8M backed by PPP
Series C (2022): $111M with participation from Toyota Tsusho, Cyrus Capital Partners, Toyota Ventures, Millennium, SoftBank, State Farm Ventures, Tokio Marine, and Mirai Creation Fund II
Series D (2023): $105M led by State Farm Ventures, NTT Group, Cyrus Capital, Toyota Ventures, BMW, and Aioi Nissay Dowa Insurance Company Australia
Key Investors in May Mobility
Toyota Ventures
The early-stage venture capital arm of Toyota, focusing on frontier technologies including artificial intelligence, robotics, and climate-positive mobility solutions.
Millennium Technology Value Partners
A full-lifecycle investment firm providing flexible capital solutions and strategic partnership to generational technology companies throughout their growth journey.
Cyrus Capital Partners
An SEC-registered investment adviser specializing in global debt and equity strategies, providing capital solutions to support business cycles and corporate growth.
What's next for May Mobility?
With the recent influx of $105M, May Mobility is well-positioned to scale its operations and refine its autonomous software stack. The company's strategic roadmap likely involves expanding its footprint in key metropolitan areas and deepening its partnerships with automotive giants and insurance providers. As the industry shifts toward full-scale commercialization, May Mobility will focus on operational excellence and the integration of its systems into broader digital infrastructure. The continued support from major automotive and technology investors suggests a long-term commitment to establishing the company as a foundational element of the next generation of global transportation networks.
See full May Mobility company page
