28 Feb '18, 4pm

BMW i Ventures Announces Strategic Investment In May Mobility

BMW i Ventures, BMW’s EUR 500 million venture capital fund, has announced a strategic investment in May Mobility, a company developing fleets of self-driving micro-shuttles. May Mobility began commercial operations this year, just over a year after the company’s launch. An October 2017 pilot with Detroit-based Bedrock was a key milestone in demonstrating the readiness of their technology for real-world operations. “Vehicles and programs of all sorts are being announced or tested and trialed, but May Mobility is actually solving today’s transportation issues with self-driving vehicles on real city streets today,” said Uwe Higgen, Managing Partner at BMW i Ventures . “We invested in the team because they’re reducing the complexity of the problem to actually deliver autonomous mobility now, instead of years from now, and the feedback loop will be invaluable to the future of t...

Full article: https://electriccarsreport.com/2018/02/bmw-ventures-annou...

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