Tech Company Financing Transactions
May Mobility Funding Round
NTT Group, Aioi Nissay Dowa Insurance and BMW i Ventures participated in a $105 million Series D capital raise for May Mobility. The round closed on 11/7/2023.
Transaction Overview
Company Name
Announced On
11/7/2023
Transaction Type
Venture Equity
Amount
$105,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to accelerate commercialization of its proprietary autonomous vehicle technology and its AV transit services in the United States, Canada and Japan, and scale operations to reach profitability.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
3901 Varsity Dr.
Ann Arbor, MI 48108
USA
Ann Arbor, MI 48108
USA
Phone
Website
Email Address
Overview
May Mobility is developing autonomous vehicles from the chassis up with a focus on system level safety design. This focus will allow us to be the first to launch a fully driverless autonomous vehicle. The company plans to lead the industry with their system design approach and best in class user experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Edwin Olson
Vice President
Rohit Bery
VP - Engineering
Joaquin Nuno-Whelan
VP - Finance
Brett McMillan
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We do our best to report on every notable VC transaction. All VC database entries reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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