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's solutions are designed to integrate seamlessly with existing transit networks, ultimately contributing to the creation of more livable and sustainable urban environments. Their commitment to advancing autonomy aims to make transportation more equitable and reduce the environmental impact 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 Tandem Ventures, Trucks Ventures, BMW, YCombinator, Toyota AI Ventures, Maven Ventures, and SV Angel
Series A (2019): $22M led by Toyota AI Ventures, Thayer Ventures, Cyprus Capital Partners, Maven Ventures, LG Technology Ventures, BMW, Y Combinator, and Millennium
Series B (2019): $50M supported by Cyrus Capital Partners, Toyota Motor Corporation, Toyota AI Ventures, BMW iVentures, Mirai Creation Fund/SPARX Asset Management, and Millennium
Debt (2020): $1M featuring PPP
Debt (2021): $1.8M backed by PPP
Series C (2022): $111M with participation from State Farm Ventures, Toyota Tsusho, Cyrus Capital Partners, SoftBank, Toyota Ventures, Tokio Marine, Millennium, and Mirai Creation Fund II
Series D (2023): $105M led by Toyota Ventures, NTT Group, Aioi Nissay Dowa Insurance Company Australia, State Farm Ventures, Cyrus Capital, and BMW
Key Investors in May Mobility
Toyota AI Ventures
Toyota Ventures is an early-stage venture capital firm focused on frontier and climate technologies, including AI, robotics, and mobility. They provide funding and strategic support to accelerate startups in these critical sectors.
BMW
BMW i Ventures operates as a venture capital arm of BMW, investing in innovative automotive technologies, manufacturing solutions, and digital sales platforms to drive advancements in the industry.
Maven Ventures
Maven Ventures is an executive search and assessment firm that specializes in building management teams and boards for high-growth, investor-backed companies, leveraging a broad network in private equity and venture capital.
What's next for May Mobility?
The recent major strategic investment positions May Mobility for accelerated expansion and technological advancement. This capital infusion is expected to fuel further research and development in autonomous driving systems, enhance operational capabilities, and broaden the company's service reach. As May Mobility continues to scale its operations, it is poised to play a significant role in shaping the future of urban mobility, potentially leading to wider adoption of autonomous shuttles and a transformation of public transportation infrastructure. The company's strategic partnerships and ongoing funding rounds indicate a strong trajectory towards achieving its long-term vision of a world where self-driving technology enhances accessibility and sustainability.
See full May Mobility company page
