May Mobility Raises $11.5M in Seed Funding

May Mobility, an Ann Arbor, MI-based autonomous vehicle company advancing self-driving micro-shuttles, raised $11.5m in seed funding.

BMW i Ventures and Toyota AI Ventures have joined its investor-base, including Maven Ventures, SV Angel, Tandem Ventures, Trucks Ventures, and YCombinator, co-leading its seed round.

This funding will allow the company to launch new deployments across the country.

Led by Edwin Olson, CEO and co-founder, and Alisyn Malek, COO and co-founder, May Mobility provides fleets of self-driving vehicles for short distance travel across business districts, educational campuses, and residential areas.
The company launches commercial operations this year, just over a year after the launch.

Following its first Detroit pilot, May Mobility will have several additional pilots in the coming months.

FinSMEs

26/02/2018