Toyota leads $50 million funding spherical for Might Mobility
Might Mobility, a self-driving shuttle firm based mostly in Ann Arbor, Mich., has raised $50 million in its newest spherical of financing with a considerable chunk coming from one of many world’s greatest automakers.
Toyota Motor Corp. was the biggest investor within the Sequence B spherical. Although the corporate’s precise funding was not disclosed, its involvement marks one other sign of its curiosity in enterprise fashions that stretch past conventional automobile gross sales.
“Might Mobility already has a monitor file of commercializing autonomous driving shuttles within the U.S., and we see this as an thrilling alternative to collaborate with a seasoned companion on this space,” Keiji Yamamoto, Toyota working officer and president of the corporate’s in-house linked providers, stated in an announcement.
Might Mobility has pilot initiatives deployed in Detroit, Grand Rapids, Mich., and Windfall, R.I. A check program in Columbus, Ohio, concluded this fall.
Total, the corporate has raised $83.6 million since its founding in January…