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May Mobility: Raises $50M in Series B Funding

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May Mobility: Raises $50M in Series B Funding

  • The funding, which comes less than a year after May Mobility raised $22 million, will be used to expand every aspect of the company
  • The startup also wants to build that number up to 25 vehicles per city
  • That fleet size improves the economic picture for the startup and will begin to meaningfully impact transportation in that city
  • This latest round does more than provide May Mobility with capital
  • Toyota has picked May Mobility as one of its “autonomous driving providers for future open platforms,” according to the startup
  • Toyota and May Mobility didn’t share specifics about what this partnership will lead to

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