SPARX led a $111m Series C round in May Mobility.

SPARX, an asset management firm, led a $111m Series C round in May Mobility, a development and deployment of autonomous vehicle technology company, with participation from Tokio Marine, Toyota Tsusho, Bridgestone, Toyota Ventures, LG Technology Ventures, SoftBank, State Farm Ventures, Next Century Ventures, SAIC, Wanxiang, Karma, 10x Group, Millennium Technology, Cyrus Capital Partners, 1843 Capital, BMW I Ventures, Maven Ventures, and Bay Lake Ventures. “With the close of this latest investment round, May Mobility will continue to accelerate growth in our technology, business development and platforms, all with a global reach. Our additional investors, as well as our continued strategic collaboration with Toyota and others, will enable us to march toward driver-out commercial operations in 2023 and enable our expansion into new markets as we roll out more Toyota Sienna Autono-MaaS vehicles now and look to next generation platforms, such as the e-Palette," Edwin Olson, May Mobility CEO.