BMW, Toyota Back a Driverless Startup

News | February 26th, 2018 by 0
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BMW, through its i Ventures fund, and Toyota led a $11.5 million seed investment round for May Mobility, a micro-transit company that deploys self-driving electric …

BMW, through its i Ventures fund, and Toyota led a $11.5 million seed investment round for May Mobility, a micro-transit company that deploys self-driving electric shuttles short distances. By running one-kilometer routes on repeat, the shuttles are gathering critical information in the path toward full autonomy.

“Something we can give them access to is that early rider-experience data that we’re collecting,” said Chief Executive Officer Ed Olson. “We can make sure we’ve got the acceptance factors for autonomous vehicles right.”

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Ann Arbor, Michigan-based May Mobility’s main customers are property developers who want to transport people from parking lots quicker and cheaper, plus municipal planners looking to replace underutilized bus routes, Olson said. That real-life experience has strategic value for automakers’ own driverless research.

May Mobility charges a monthly fee for its shuttle service and plans to use the seed money to expand in Texas and Florida — states that don’t require a safety driver, said Olson, who’s also a professor of computer science and engineering at the University of Michigan. The company will hire technicians to service and clean the shuttles, as well as supervise the routes.

“We think this strategy will get us to that Level 5 vision before the other ones,” Olson said, using an industry term for full autonomy. “We’re going to be able to go through the cycle incredibly quickly and unlock a lot of city coverage faster than people who are trying to do it all out of the gates.”

[Source: Bloomberg]

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