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May Mobility

Auto Tech
Product stageSegments
Seed
?
Autonomous passenger vehicles
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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 (third-generation system released in March 2023) . 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 Arizona , with plans to enter California 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 in December 2023.

However, in February 2024, 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’s vehicles (January 2022; announced plans to launch robotaxi services in Odaiba, Japan by mid 2024); Bridgestone Americas for tire technology (March 2022); and Aeva for LiDAR sensors (November 2023). 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 (March 2023); mobility service provider, Moovit to integrate its urban mobility app and on-demand reservation and routing software (April 2023) ; and shared mobility solutions provider Liftango to create demand-responsive autonomous microtransit solutions (October 2023).

The company has partnered with cities and authorities (e.g., City of Detroit Office of Mobility Innovation, Arlington, Grand Rapids, The Indiana Economic Development Corporation, Contra Costa Transportation Authority ), universities (e.g., University of Texas, Arlington), transit tech companies (e.g., Via ), and nonprofits (e.g., Toyota Mobility Foundation, Energy Systems Network) for its active and past deployments. As announced in November 2023, NTT will have exclusive rights 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

In November 2023, 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, in April 2023 , 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.

Key stats
Featured companies
73
Total funding (USD)
15.5 Bn
Total addressable market (USD)
76.3 Bn
Key competitors
 
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Company profile
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EDGE Insights

Passenger Mobility Tech (Q1 2024): Tech upgrades pave way for safer, smarter vehicles; partnerships strengthen EV ecosystem

Recent Updates

Management news
Feb 15, 2024
May Mobility lays off 13% of workforce to prioritize business operations
Auto Tech
Partnerships
Product updates
Feb 11, 2024
Toyota to launch robotaxi services in Odaiba, Japan in partnership with May Mobility and Monet Technologies
Auto Tech
Product updates
Dec 18, 2023
May Mobility launches its first driverless service on public roads in Arizona
Auto Tech
Partnerships
Nov 8, 2023
May Mobility selects Aeva as exclusive LiDAR supplier for autonomous vehicle technology
Auto Tech
Partnerships
Funding
Nov 7, 2023
May Mobility raises USD 105 million in Series D funding
Auto Tech
Partnerships
Funding
Nov 6, 2023
NTT partners with Toyota to test autonomous vehicle tech; to invest USD 67 million in May Mobility
Auto Tech

Company Brief


HQ location:
650 Avis Drive Ann Arbor MI USA
Founded year:
2017
Employees:
251-500
Total Funding:
USD 302.6 million
Last Funding
USD 105.0 million, Nov 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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