Tech Company Financing Transactions

May Mobility Funding Round

May Mobility, operating out of Ann Arbor, scored $111 million in funding from SPARX Group, 10x Group and Bridgestone Americas.

Transaction Overview

Company Name
Announced On
7/12/2022
Transaction Type
Venture Equity
Amount
$111,000,000
Round
Series C
Proceeds Purpose
The company intends to use the funds to continue to pursue its deployment programs using the Toyota Sienna Autono-MaaS vehicle platform while beginning development on another vehicle design centered around mobility, Toyota's e-Palette. In addition, May Mobility plans to increase its engineering headcount, expand its global customer base, enhance rider experiences and further invest in technology advancements.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
3901 Varsity Dr.
Ann Arbor, MI 48108
USA
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
May Mobility LinkedIn Company Profile
Social Media
May Mobility Company Twitter Account
Company News
May Mobility News
Facebook
May Mobility on Facebook
YouTube
May Mobility on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Edwin Olson
  Edwin Olson LinkedIn Profile  Edwin Olson Twitter Account  Edwin Olson News  Edwin Olson on Facebook
Vice President
Rohit Bery
  Rohit Bery LinkedIn Profile  Rohit Bery Twitter Account  Rohit Bery News  Rohit Bery on Facebook
VP - Engineering
Joaquin Nuno-Whelan
  Joaquin Nuno-Whelan LinkedIn Profile  Joaquin Nuno-Whelan Twitter Account  Joaquin Nuno-Whelan News  Joaquin Nuno-Whelan on Facebook
VP - Finance
Brett McMillan
  Brett McMillan LinkedIn Profile  Brett McMillan Twitter Account  Brett McMillan News  Brett McMillan on Facebook


 

 

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Prev: 7/12/2022: XPENG Robotics venture capital transaction
Next: 7/12/2022: Spiderwort venture capital transaction

 

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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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