Toyota AV-Shuttle Bet May Mobility Raises $83 Million

May Mobility Inc., a self-driving shuttle startup backed by the venture arms of Toyota Motor Corp. and BMW AG, raised $83 million in its largest funding round to date.

The Ann Arbor, Michigan-based company operates 25 autonomous vehicles in five cities including Arlington, Texas, and Hiroshima, Japan. Over the next two years, May will use the money to advance its self-driving software to the point that it can remove human safety drivers from shuttles and replace them with remote supervisors who can monitor several vehicles at once.