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May Mobility Announces $105 Million Series D Investment Round Led By Ntt To Scale Autonomous Transit Services

Nov 07, 2023•about 2 years ago

Amount Raised

$105 Million

Ann ArborProfessional ServicesSoftware

Investors

Sparx Group Co.Toyota Motor CorporationTrucks Venture CapitalCyrus CapitalBmw I VenturesState Farm VenturesAioi Nissay Dowa Insurance CompanyToyota VenturesNtt Group

Description

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 Information

Company

May Mobility

Location

Ann Arbor, Michigan, United States

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech