May has 20 S-AMs in its fleet, most of which are in Ann Arbor. In Ann Arbor, May’s hometown, the startup has been testing and demonstrating Toyota’s Sienna Autono-MaaS (S-AM) vehicles, which have been modified to serve as a vehicle platform compatible with third-party autonomous driving kits and sensors. The company currently operates low-speed AVs designed to augment public transportation in five cities - Arlington, Ann Arbor, Grand Rapids, Fishers and Hiroshima, Japan. The systems AI determines how the vehicle executes required activities and the onboard computer uses SafeAI software to a drive-by-wire system to control. Together, they bring May’s total funding to $194 million. While in the first year the production of units won’t be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a. New investors to the round include SoftBank, State Farm Ventures, Next Century Ventures, SAIC, Wanxiang, Karma and 10x Group. STOCKHOLM SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. May originally announced an initial closing of an $83 million Series C in January, which was led by Mirai Creation Fund II and included Tokio Marine, Toyota Tsusho, Bridgestone Americas, as well as returning investors like Toyota Ventures and LG Technology Ventures. and Japan, a spokesperson for the startup told TechCrunch. GM, Cruise unveil self-driving car ready for mass production. Son looked to new opportunities, including investing in broadband services in the early 2000s, acquiring Sprint for 20 billion in 2013 and buying multiple. May will also use the fresh capital to increase the number of vehicle deployments in the U.S. The advent of self-driving vehicles portends a vast disruption in how we live and work. To advance its technology and scale its commercial efforts, the company intends to use the funding to triple corporate headcount, particularly in engineering. ![]() The Cruise Origin autonomous vehicle is seen during its. ![]() May Mobility, a Michigan-based autonomous ride-hail and shuttle startup, says its most recent round - a $111 million Series C - will help it get to driver-out operations in 2023. SoftBank's Son expects mass production of driverless cars in two years Technology Published 11:02AM ET Reuters.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |