NTT to invest in May Mobility, a Toyota-backed U.S. self-drive startup

Japanese conglomerate sinking $67m to supply taxis and buses in 2025

20231106 NTT

NTT will invest approximately 10 billion yen ($66.9 million) in May Mobility, a Michigan-based startup backed by Toyota. 

Nikkei staff writers

TOKYO -- Japanese telecommunications group NTT is investing in May Mobility, a U.S. startup backed by Toyota Motor, to develop an automated driving system, Nikkei has learned.

NTT will invest approximately 10 billion yen ($66.9 million) in the Michigan-based startup, which aims to develop driverless buses and taxis as early as 2025.

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