In addition to the new round of funding, May Mobility is also continuing its collaboration with Toyota. “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.” said Michael Remmes, Vice President, State Farm Ventures. automobile insurer, 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,” said Ryan Green, CFO of May Mobility. With improving road safety as a key goal for May Mobility, the investment indicates the insurance industry’s growing support for AV operations to reduce road accidents.
Joining Tokio Marine, State Farm Ventures® participated in the round, supporting May Mobility’s growth and becoming one of the first U.S.-based insurers to invest in AVs.
“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,” said Edwin Olson, CEO of May Mobility. Additionally, the company plans to continue to pursue its deployment programs using the Toyota Sienna Autono-MaaS vehicle platform while beginning development on another vehicle design centered around mobility, Toyota’s e-Palette, signaling the next potential milestone as it seeks new ways to bring equitable mobility solutions to the masses.
May mobility series#
We are unique in the self-driving space in terms of our passion for solving real problems in the market, building a strong business, and delivering great experiences to our riders.May Mobility continues to focus on delivering equitable autonomous mobility solutions. Our unique technology for self-driving vehicles has enabled us to commercially operate in four major cities across the United States, transporting every-day people and solving their real transportation problems. May Mobility is transforming transportation by developing and deploying autonomous vehicles that get people where they need to go- safely, easily, and with a lot more fun. We are based in Ann Arbor, MI, and are seeking talented and creative thinkers, technologists, designers, and engineers who share our passion for building the future, today.
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