May Mobility, an autonomous vehicle technology company based in Ann Arbor, has announced the initial closing of a Series C round of funding with an investment of $83 million led by Mirai Creation Fund II, a managed fund of Sparx Group Co.
Other new investors are Tokio Marin and Toyota Tshusho, while Toyota Ventures, Millennium Technology Value Partners, Cyrus Capital Partners, 1843 Capital, BMW i Ventures, and Bay Lake Ventures are returning investors. Final closing of the financing is expected to take place near the end of the first quarter of 2022.
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