Michigan, US: BMW i Ventures and Toyota AI Ventures, venture-capital arms of their respective auto making groups, are among the leading investors in the US$11.5-million “seed investment” funding round for a Michigan-based start-up—May Mobility—that is developing low-speed, self-driving electric shuttle systems.
The startup has devised a package of autonomous vehicles to be used as point-to-point or circulating shuttles, such as for central business districts, parking complexes, or campuses. It was established last year by several automotive industry engineers and executives.
“Our new investors will allow us to deploy to more communities even more quickly, and to grow our engineering and operations capability to deliver the best customer experience,” said Alisyn Malek, chief operating officer and co-founder, May Mobility.
“Vehicles and programs of all sorts are being announced or tested and trialled, but May Mobility is actually solving today’s transportation issues with self-driving vehicles on real city streets today,” said Uwe Higgen, managing partner at BMW i Ventures. “We invested in the team because they’re reducing the complexity of the problem to actually deliver autonomous mobility now, instead of years from now, and the feedback loop will be invaluable to the future of the industry.”