May Mobility, a Michigan-based autonomous ride-hail and shuttle startup, says its most recent round — a $111 million Series C — will help it get to driver-out operations in 2023.
To advance its technology and scale its commercial efforts, the company intends to use the funding to triple corporate headcount, particularly in engineering. May will also use the fresh capital to increase the number of vehicle deployments in the U.S. and Japan, a spokesperson for the startup told TechCrunch.
May originally announced an initial closing of a $83 million Series C in January, which was led by Mirai Creation Fund II and included Tokio Marine, Toyota Tsusho, Bridgestone Americas, as well as returning investors like Toyota Ventures and LG Technology Ventures. New investors to …
