Toyota invests in May Mobility’s autonomous future | Autonomous Vehicle International

Toyota invests in May Mobility’s autonomous future | Autonomous Vehicle International

May Mobility, a leading autonomous Transportation as a Service (TaaS) provider, has closed a US$50m Series B round led by Toyota Motor Corporation with participation from SPARX Group alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures. The round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. The Series B round brings May Mobility’s total raised to date to US$84m.