May Mobility also said it has received commercial support from investment partners in this round. Tokio Marine and State Farm Ventures became the first U.S. insurers to invest in self-driving cars, and it is important to help design the future of insurance to support self-driving cars. And Japanese tire maker Bridgestone, May Mobility will use Bridgestone algorithms to track tire health and predict tread wear.
Edwin Olson, CEO of May Mobility, said: "With the closing of this latest investment round, May Mobility continues to accelerate our technology, business development and platform enhancements globally. Our New investors, and our continued strategic partnership with Toyota and others, will allow us to begin fully driverless commercial operations in 2023 and continue to expand into new markets."