May Mobility,
an Ann Arbor, Mich.-based enterprise autonomous transportation company
providing daily transit to the American public, raised $22m in Series A
funding.
The round was led by Millennium New Horizons and Cyrus Capital
Partners, with participation from LG Technology Ventures and Thayer
Ventures and existing investors BMW i Ventures, Maven Ventures, Toyota
AI Ventures, and Y Combinator.
The company intends to use the funds to expand engineering and operations.
Led by Edwin Olson, CEO, May Mobility provides an enterprise
autonomous transportation company providing daily transit to the
American public, currently serving public and private customers in major
metros. Its current fleet of vehicles has already provided more than
35,000 rides in Columbus, OH and Detroit, MI and will be deployed in
more markets shortly.
In the coming months, the company will be launching public services in
Grand Rapids, MI and Providence, RI with plans to announce additional
commercial deployments in cities across the U.S. in 2019.
Source. FinSMEs, Staff, February 12, 2019
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