San Francisco-based urban mobility company Glydways has raised $170 million in a Series C funding round co-led by Suzuki Motor Corporation, ACS Group and Khosla Ventures.
The oversubscribed round brings Glydways’ total capital to more than $250 million and will support efforts to build and scale networks of autonomous vehicle expressways that are designed to improve efficiency, savings and the rider experience.
“Glydways will be in public operations this year, showing the public a new way of moving around cities that is efficient and affordable. Having dedicated investors alongside us supporting every facet of our go-to-market motion is essential as Glydways becomes a reality for riders globally,” Mark Seeger, Glydways founder and co-CEO, said in a statement.
The raise coincides with milestones including Glydways’ memorandums of understanding with the Abu Dhabi Investment Office and the Dubai Roads & Transport Authority in addition to the groundbreaking for its first publicly accessible mass transit system in South Metro Atlanta.
