Total amount raised
$111.2 Million
Latest funding date
05/01/2024
Location
Glydways has successfully raised funding over four rounds, with notable investors including Khosla Ventures and Mitsui Chemicals. The company is focused on revolutionizing public transit with its self-driving vehicles and dedicated guideways.
Keep reading to explore the intricacies of Glydways' fundraising journey and the investors backing this innovative platform.
What Is Glydways?
Glydways is a private company based in South San Francisco, California, specializing in personal rapid transit systems using self-driving vehicles. The company operates in industries such as clean energy, electric vehicles, manufacturing, and transportation.
Founded with a mission to revolutionize public transit, Glydways aims to provide a financially sustainable, inclusive, and efficient transit solution. The company has an employee count ranging from 101 to 250 and is actively working on projects in cities like Atlanta, Contra Costa, and San Jose, set to launch from 2026.
How Much Funding Has Glydways Raised?
- Series Unknown
- Amount Raised: USD 35,230,804
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and deployment of Glydways' personal rapid transit systems.
- Series B
- Amount Raised: USD 56,000,000
- Date: October 2023
- Lead Investors: Alumni Ventures, New Science Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine Glydways' technology and support significant projects in Contra Costa and San Jose.
- Series B
- Amount Raised: USD 20,000,000
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Glydways' operations and business reach.
- Series Unknown
- Amount Raised: USD 101,307,048
- Date: September 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enhance the technology for broader deployment.
Total Amount Raised: USD 212,537,852. Current Valuation: Not publicly disclosed.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, focusing on early-stage investments. The firm is known for backing transformative technology companies.
- Investment Focus Areas: Technology, clean energy, sustainability
- Notable Investments: Impossible Foods, Square, DoorDash
- Mitsui Chemicals
- Details: Mitsui Chemicals is a Japanese chemical company involved in the production of chemicals and materials for various industries. The company aims to create innovative solutions for a sustainable future.
- Investment Focus Areas: Chemicals, materials, sustainability
- Notable Investments: Not publicly disclosed
- New Science Ventures
- Details: New Science Ventures is a venture capital firm that invests in companies developing innovative technologies. They led the Series B funding round for Glydways.
- Investment Focus Areas: Innovative technologies, urban mass transit, sustainability
- Notable Investments: Not publicly disclosed
- The ACS Group
- Details: The ACS Group is a global leader in construction and infrastructure development. They participated in the Series B funding round for Glydways.
- Investment Focus Areas: Construction, infrastructure, public transit
- Notable Investments: Not publicly disclosed
- Gates Frontier
- Details: Gates Frontier is an investment firm associated with the Gates family, focusing on innovative and impactful technologies. They participated in the Series B funding round for Glydways.
- Investment Focus Areas: Innovative technologies, sustainability, societal impact
- Notable Investments: Not publicly disclosed
What's Next for Glydways?
Glydways is poised to capitalize on significant opportunities, including projects with the Contra Costa Transportation Authority and Tri Delta Transit, as well as a major transit connection in San Jose. These initiatives aim to enhance public transit accessibility and connect key urban areas, potentially serving thousands of commuters daily.
With the recent $56 million Series B funding, Glydways is well-positioned for future fundraising rounds to support further expansion and technological advancements. The growing demand for sustainable, zero-emission transit solutions and the scalability of their Personal Rapid Transit system present substantial growth prospects.
However, Glydways may face challenges such as navigating regulatory landscapes, ensuring technology scalability, and competing with established transit solutions. Overcoming these hurdles will be crucial for their continued success and expansion in the urban mass transit sector.
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