Tokio Marine

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 Toyota and BMW-backed May Mobility develops self-driving technology pitched toward autonomous shuttle services for public transportation. Its proprietary multi-policy decision-making (MPDM) autonomous driving technology comes with a suite of sensors including LiDAR, radar, and cameras to create a 360-degree view of surroundings 
 <a href="https://sp-edge.com/updates/17125">
 (third-generation system released in March 2023)
 </a>
 . The technology can be integrated into multiple platforms such as buses or cars.
 
 
 
 
 As of February 2024, May Mobility had active autonomous shuttle services deployed in cities in Michigan, Minnesota, Texas, and 
 <a href="https://sp-edge.com/updates/17972">
 Arizona
 </a>
 , with plans to enter 
 <a href="https://sp-edge.com/updates/21984">
 California
 </a>
 in early 2024. The company claimed to have completed 350,000+ autonomous rides as of October 2023 (includes now inactive deployments in geographies including Hiroshima [Japan] and Indiana). May Mobility was yet to commence commercial operations as of January 2024, and these rides were offered free of charge to customers, with costs being borne by partnering companies. The company began driverless operations in Arizona 
 <a href="https://sp-edge.com/updates/25063">
 in December 2023.
 </a>
 
 
 
 
 However, 
 <a href="https://sp-edge.com/updates/26710">
 in February 2024,
 </a>
 May Mobility announced layoffs of roughly 13% of its workforce (about 40 employees), to focus on its main business objectives.
 
 
 
 
 Key customers and partnerships
 
 
 May Mobility has product development partnerships with companies as Toyota to retrofit its tech into Toyota&rsquo;s vehicles (January 2022; 
 <a href="https://sp-edge.com/updates/26500">
 announced plans
 </a>
 to launch robotaxi services in Odaiba, Japan by mid 2024); Bridgestone Americas for tire technology (March 2022); and Aeva for LiDAR sensors 
 <a href="https://sp-edge.com/updates/23631">
 (November 2023).
 </a>
 The company also has partnerships with wheelchair-accessible van manufacturer BraunAbility to modify its fleet of Toyota Sienna vehicles to include wheelchair access (April 2022); SoftBank to obtain 5G network services for deployments in Japan (June 2022); Stantec, a design and engineering company, to develop autonomous micro-transit solutions 
 <a href="https://sp-edge.com/updates/17349">
 (March 2023); 
 </a>
 mobility service provider, Moovit to integrate its urban mobility app and on-demand reservation and routing software 
 <a href="https://sp-edge.com/updates/17698">
 (April 2023)
 </a>
 ; and shared mobility solutions provider Liftango to create demand-responsive autonomous microtransit solutions 
 <a href="https://sp-edge.com/updates/23073">
 (October 2023).
 </a>
 
 
 
 
 The company has partnered with cities and authorities (e.g., 
 <a href="https://sp-edge.com/updates/20426">
 City of Detroit Office of Mobility Innovation,
 </a>
 Arlington, Grand Rapids, The Indiana Economic Development Corporation, 
 <a href="https://sp-edge.com/updates/21984">
 Contra Costa Transportation Authority
 </a>
 ), universities (e.g., University of Texas, Arlington), transit tech companies (e.g., 
 <a href="https://sp-edge.com/updates/17972">
 Via
 </a>
 ), and nonprofits (e.g., Toyota Mobility Foundation, Energy Systems Network) for its active and past deployments. As announced 
 <a href="https://sp-edge.com/updates/23570">
 in November 2023,
 </a>
 NTT will have 
 <a href="https://sp-edge.com/updates/23510">
 exclusive rights
 </a>
 to sell May Mobility's self-driving system in Japan. The companies will also work with Toyota for autonomous vehicle testing in Japan.
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/23570">
 In November 2023,
 </a>
 raised USD 105 million in a Series D round led by Nippon Telegraph and Telephone (NTT) Group, with participation from Toyota Ventures among others. The company intended to utilize the funds to commercialize its technology and to expand its autonomous transit services in the US, Canada, and Japan. It also intended to upscale operations and aim for profitability. Previously, 
 <a href="https://sp-edge.com/updates/17976">
 in April 2023
 </a>
 , May Mobility received USD 3 million in funding from the Michigan state authorities to expand its headquarters in Ann Arbor, Michigan and add 300 new jobs. 
 
</div>

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

<div>
 
 Clir Renewables' software platform leverages AI and ML algorithms to offer data-driven insights and analytics to improve the efficiency, reliability, and financial performance of wind and solar assets. This includes identifying underperforming areas, detecting anomalies, maximizing energy production, reducing downtime, and enhancing overall project profitability.
 
</div>

Bolttech is an InsurTech company developing an AI-based point-of-sale insurance platform to offer a technology-enabled ecosystem for protection and insurance. Its platform also offers device protection, travel, motor, property, and life insurance, as well as digital insurance, to consumers.

Anzen uses AI to underwrite and broker all forms of Executive, Cyber, and Professional Liability insurance- D&O, EPL, Cyber, Fiduciary, Crime, Tech E&O, and E&O. A marketplace of the leading insurance carriers enables Anzen to competitively place coverage and streamline transactions across the specialty insurance market. Submissions are as easy as one email or filling out a short digital application. From SMB to Mid-market private companies the platform is used by thousands of brokers to close more deals seamlessly and protects companies of all sizes from the leading corporate risks.

May Mobility specializes in autonomous vehicle technology development and deployment. The company's technology studies the city's traffic and commuter flow, identifying bottlenecks and gaps in the current public transit schema to design the optimal routes for communities. The company also offers a fleet operation service and provides daily transit by deploying autonomous shuttles to reduce human error in driving, reduce pollution, and create greater economic benefit for communities and riders, enabling public transportation systems to create a safer, greener, more efficient environment.

Risilience provides an analytics and SaaS platform for corporate businesses to assess their climate change risks and manage their transformation to reach net zero emissions.

Clir is a renewable energy optimization and reporting software that increases the performance and profitability of renewable plants through a cloud based platform software as a service, that integrates deep domain expertise with AI.

Healthians is an online platform that provides health test home service. It is equipped with a technology-driven healthcare matrix, an army of trained full-time phlebotomists and precision-driven alliance with labs. The company is driven by a mission is to provide affordable, accurate, and reliable test results to all. Healthians was founded in 2014 and is headquartered in Gurgaon, Haryana.

Weather Analytics is a breakthrough provider of precision climate data, weather intelligence and dynamic weather and sensor station integration. We find, assemble and format weather data so that you don’t have to. Our climate data is delivered in an easily accessible format that allows customers to focus their efforts on solving business problems versus aggregating and cleansing data from raw sources, which offer very limited value on their own.

Tokio Marine HCC is a leading specialty insurance group with offices in the United States.

<div> Tokio Marine HCC is a leading specialty insurance group with offices in the United States. </div>

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