Start-up May Mobility has raised $11.5m in seed funding. The round featured existing investors, alongside BMW i Ventures and Toyota AI Ventures. In a statement, the company said it was “excited to be working with such an experienced group of investors who have been instrumental in helping us build our business over the past few years.” The investment follows a pilot project with Bedrock in October 2017 that demonstrated May Mobility's technology to be road-ready. The round comes just about a year into the company’s launch, and 2018 will also see May Mobility launch its first commercial operations in the later law of the year. The firm will use the investment to fund additional employees and an expansion to more US cities this year.
Start-up May Mobility has raised $11.5m in seed funding. The round featured existing investors, alongside BMW i Ventures and Toyota AI Ventures. In a statement, the company said it was “excited to be working with such an experienced group of investors who have been instrumental in helping us build our business over the past few years.” The investment follows a pilot project with Bedrock in October 2017 that demonstrated May Mobility's technology to be road-ready. The firm will use the investment to fund additional employees and an expansion to more US cities this year.