May Mobility has begun initial development work on incorporating the company’s ADK onto the Toyota e-Palette, a battery-electric vehicle platform.
The program also features an ADA-compliant up-fit through the company’s partnership with Braunability.
In addition to the new round of funding, May Mobility is also continuing its collaboration with Toyota, having already launched the Sienna Autono-MaaS for testing and demonstrations in Ann Arbor, with other public deployment locations anticipated in late 2022.
“May Mobility’s technology is a potential compelling advancement in the evolution of autonomous driving and may help to reduce accidents and improve road safety,” says Michael Remmes, vice president of State Farm Ventures. automobile insurers, they look to invest in technologies, services, and capabilities that improve vehicle and pedestrian safety. State Farm Ventures focuses on investing in start-ups developing technologies and products to fulfill customer needs in ways they may not expect from their insurance company. “Having partners like Tokio Marine and State Farm Ventures helps expedite that vision for the future of mobility.” “The insurance industry sees the future of mobility and is recognizing the importance of helping to design the way insurance will support autonomous vehicles in the future,” says Ryan Green, CFO of May Mobility. Tokio Marine and State Farm Ventures participated in the round, claiming to be the first U.S.-based insurers to invest in AVs due to increased road safety and reduced road accidents. “Our additional investors, as well as our continued strategic collaboration with Toyota and others, will enable us to march toward driver-out commercial operations in 2023 and enable our expansion into new markets as we roll out more Toyota Sienna Autono-MaaS vehicles now and look to next generation platforms, such as the e-Palette.” “With the close of this latest investment round, May Mobility will continue to accelerate growth in our technology, business development, and platforms, all with a global reach,” says Edwin Olson, CEO of May Mobility. The company will develop another vehicle design centered around mobility, Toyota’s e-Palete, as they seek to bring forward mobility and MaaS (Mobility-as-a-Service) solutions.
May mobility series#
May Mobility, an autonomous vehicle (AV) service company based in Ann Arbor, has closed a $111 million Series C round of funding to deploy its programs using the Toyota Sienna Autono-MaaS vehicle platform. In December 2021, NCV made its inaugural investment in ANRA Technologies, a provider of drone traffic management solutions.A concept rendering of a Toyota e-Palette prototype which May Mobility is staring preliminary development to improve transportation. Launched in March 2021 through a joint investment with Nexen Corp., the holding company of Nexen Tire, NCV states that its mission is to accelerate the corporate vision of improving overall customer mobility beyond tires by targeting innovative entrepreneurs that possess expertise in technologies such as autonomous vehicles, electric vehicles, artificial intelligence and mobility-as-a-service (MaaS). Along with Nexen Tire, major investors include Toyota, BMW and LG Technology Ventures. May Mobility is also expanding its business through partnerships with mobility companies such as Monet Technologies and Via Transportation, the company says. and Japan to deploy autonomous vehicles that bridge gaps in transportation, including routes in Michigan, Indiana and Texas, as well as Higashi-Hiroshima City, Japan. in 2017, May Mobility works with cities and private entities across the U.S.
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