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May Mobility Partners with ACP Holdings for Business Combination, Valuing Company at $1.4 Billion.

Sep 16, 2026•about 5 hours ago

Contract Type

agreement

Ann ArborProfessional ServicesSoftwareE CommerceFashionBlockchainCryptocurrency

Description

May Mobility, Inc. has announced a definitive business combination agreement with ACP Holdings Acquisition Corp., aiming to become the first U.S. publicly listed pure-play autonomous ride-hail technology company. The business combination suggests an enterprise value of approximately $1.4 billion and is expected to deliver gross proceeds of up to $337 million.

Company Information

Company

May Mobility

Location

Ann Arbor, Michigan, United States

About

May Mobility, established in Ann Arbor, Michigan in 2017, is building the world's best autonomy system. Their proprietary Multi-Policy Decision Making (MPDM) system is at the core of their mission to help make cities safer, greener, and more accessible. MPDM's proven track record has delivered more than 320,000 autonomy-enabled rides to date in several public transit applications across the U.S. and Japan. With key strategic partnerships including some of the world's most innovative automotive and transportation companies, such as Toyota Motor Corporation, May Mobility aims to achieve the highest standard in rider safety, sustainability, and transportation equity. For more information, visit www.maymobility.com.

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