May Mobility, an autonomous transportation-as-a-service provider, has closed a $50 million Series B funding round led by Toyota.
There was also participation from Sparx Group, alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures.
The company says the round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. [Read more…] about May Mobility raises $50 million in funding round led by Toyota