May Mobility Announces $105 Million Series D Investment Round Led By Ntt To Scale Autonomous Transit Services
May Mobility Announces $105 Million Series D Investment Round Led By Ntt To Scale Autonomous Transit Services
11/07/23, 10:02 AM
Location
ann arborMoney raised
$105 million
Industry
professional services
software
Investors
Sparx Group Co., Toyota Motor Corporation, Trucks Venture Capital, Cyrus Capital, Bmw I Ventures, State Farm Ventures, Aioi Nissay Dowa Insurance Company, Toyota Ventures, Ntt Group
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
Company Info
Location
ann arbor, michigan, united states
Additional Info
We aim to make transit more sustainable, safe, accessible and equitable for everyone by building a better autonomous vehicle technology that works in the real world. We've delivered shared, on-demand rides to communities at ten sites across the U.S. and Japan.