May Mobility raises 22 million dollars for self-driving shuttles
May Mobility, a self-driving shuttle provider, has raised a new round of funding that will help the company expand its fledgling operations. The company received 22 million dollars during a Series A round co-led by Millennium New Horizons and Cyrus Capital Partners.
Previous investors in a seed round of funding last February, including the venture capital arms of BMW and Toyota, also participated.
In June, May Mobility began commercial self-driving service in downtown Detroit and has since started running routes in Columbus, Ohio. The company has plans to launch additional service in Providence this spring followed by service in Grand Rapids, Michigan, this summer.
May Mobility doesn't sell its shuttles to customers. Instead, it provides turnkey service and maintains control of the shuttles and fleet management.
The company's self-driving systems, which include hardware and software, are installed on shuttles based on the Polaris GEM platform. Human safety drivers still remain aboard the company's six-seat shuttles.