May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has raised $50 million in a Series B round led by Toyota Motor Corp.
The funding, which comes less than a year after May Mobility raised $22 million, will be used to expand every aspect of the company, including its AV shuttle fleet, as well as its engineering and operations staff.
May Mobility has 25 autonomous low-speed shuttles spread out between Detroit and Grand Rapids, Michigan and Providence, Rhode Island — the three cities in which it operates. The startup wants to build that number up to 25 vehicles per city, co-founder and COO Alisyn Malek told TechCrunch. That fleet size improves the economic picture for the startup and will begin to meaningfully impact transportation in that city.
https://www.yahoo.com/lifestyle/toyota-leads-50-million-investment-151228617.html
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