Hyperdrive
BMW, Toyota Back a Driverless Startup That Wants to Start Small
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As automakers spend billions to rack up autonomous miles and map city streets, Toyota Motor Corp. and BMW AG are also betting on a startup with a more modest approach.
The corporate venture arms of the two carmakers led a $11.5 million seed investment round for May Mobility, a micro-transit company that deploys self-driving electric shuttles short distances. By running one-kilometer routes on repeat, the shuttles are gathering critical information in the path toward full autonomy.