Funding Your Autonomous Vehicle Deployment
July 24, 2024
Investment in U.S.-Based May Mobility, Inc. and Cooperation with Investment Partners to Provide Autonomous Driving Services Toward Achieving a Sustainable Mobility Society
- By May Mobility
- March 19, 2024
- Financial
Tokyo Century Corporation has invested in May Mobility, Inc., a U.S.-based company that develops autonomous vehicle (AV) technology, with the goal of deploying and disseminating AVs across North America and Japan.
March 19, 2024 – Tokyo Century Corporation has invested in May Mobility, Inc., a U.S.-based company that develops autonomous vehicle (AV) technology, with the goal of deploying and disseminating AVs across North America and Japan.
As Japan responds to a shortage of drivers for commercial vehicles and the declining birthrate and increased aging population, expectations for practical applications of autonomous driving technologies continue to rise. As a technology company with considerable experience and a strong reputation in autonomous driving in the U.S. and Japan, May Mobility has attracted investments from many Japan-based companies including Nippon Telegraph and Telephone Corporation (NTT).
The Tokyo Century Group offers various mobility services, including auto leasing for both corporate and individual customers as well as car rentals. The Group has recently set electric vehicles (EVs) and their peripheral businesses, data business, autonomous driving technology and other next-generation technologies as potential areas for future growth while focusing on commercializing new mobility services through actively seeking partnerships and collaborations with startups known for their exceptional technological capabilities.
The investment decision was driven by the desire to expand mobility offerings. In addition to the strengths of May Mobility, by combining the Group’s business foundation with the strengths of investment partners, we expect to generate synergies to resolve the aforementioned various social issues.
Moving forward, Tokyo Century will collaborate with various stakeholders, including local communities and transportation businesses to introduce autonomous driving services into society. By providing reliable and safe AV services, we will play a part in achieving sustainable mobility.
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Contact Information
Karsten Kutterer, Senior Communications Manager at May Mobility
[email protected]
Tokyo Century Corporation
Public Relations & Investor Relations Division
Kengo Kawai
Inquiries: https://www.tokyocentury.co.jp...
Phone: +81-3-5209-6710
About May Mobility
May Mobility develops autonomous vehicle (AV) technology and deploys fleets of vehicles to municipal and business customers. Its proprietary Multi-Policy Decision Making (MPDM) system is at the core of its mission to help make cities safer, greener and more accessible. MPDM’s proven track record has delivered more than 350,000 autonomy-enabled rides to date in several public transit applications across the U.S. and Japan. With key strategic partnerships including some of the world’s most innovative automotive and transportation companies, such as Toyota Motor Corporation and NTT, May Mobility aims to achieve the highest standard in rider safety, sustainability and transportation equity. For more information, visit www.maymobility.com.
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Bring May Mobility To Your Community
We love meeting transit agencies, cities, campuses, organizations and businesses where they are to bring autonomy to their mobility ecosystem—and fill their transportation gaps for the long haul. Ready to partner up? Let’s talk.
Bring May Mobility To Your Community
We love meeting transit agencies, cities, campuses, organizations and businesses where they are to bring autonomy to their mobility ecosystem—and fill their transportation gaps for the long haul. Ready to partner up? Let’s talk.
