Glydways has raised a total of $111.2 million across multiple funding rounds, with its largest being a $56 million Series B round in October 2023. The South San Francisco-based transportation technology company is focused on revolutionizing public transit through autonomous self-driving cars that operate on dedicated guideways. By combining clean energy with scalable infrastructure, Glydways aims to make mass transit affordable, efficient, and environmentally sustainable.
Keep reading to explore Glydways’ funding journey, key investors, and what’s next for this innovative transportation company.
What Is Glydways and What Does It Do?
Founded in 2016 by Mark Seeger, Glydways is headquartered in South San Francisco, California, United States. The company designs, manufactures, installs, and operates autonomous transit systems that provide high-capacity, sustainable, and affordable public transportation.
With a workforce of 101–250 employees, Glydways is pioneering driverless public transit solutions designed to ease congestion and reduce emissions. Its technology is being deployed in pilot projects across California, with expansion plans in Asia and other regions.
How Much Funding Has Glydways Raised?
- Series B
- Amount Raised: $20M
- Date: May 2024
- Lead Investors: Suzuki Motor, Gates Frontier Fund
- Motivation: To pursue growth in Asia and introduce driverless public transit services in East Contra Costa.
- Series B
- Amount Raised: $56M
- Date: October 2023
- Lead Investors: New Science Ventures, The ACS Group, Gates Frontier, Khosla Ventures
- Motivation: To develop and refine technology for urban mass transit and support significant projects in California.
- Venture Round
- Amount Raised: $35.2M
- Date: September 2020
- Motivation: To accelerate the development of autonomous transportation systems.
Total Funding Raised: $111.2M
Latest Funding Date: May 2024
Key Investors
- Suzuki Motor
- Details: Japanese multinational headquartered in Hamamatsu, Japan, specializing in automobiles, motorcycles, and outboard motors.
- Investment Focus Areas: Automotive, motorcycles, marine engines
- Notable Investments: Maruti Suzuki, Suzuki Motor of America, Suzuki Marine
- Gates Frontier Fund
- Details: An investment fund associated with the Gates family, focusing on innovative and sustainable technologies.
- Investment Focus Areas: Technology, sustainability, innovation
- New Science Ventures
- Details: A venture capital firm investing in companies developing innovative technologies; led Glydways’ $56M Series B in 2023.
- Investment Focus Areas: Technology, life sciences, innovative solutions
- The ACS Group
- Details: A world-leading infrastructure and construction company based in Spain.
- Investment Focus Areas: Infrastructure, construction, engineering
- Khosla Ventures
- Details: A venture capital firm known for backing transformative technologies and one of Glydways’ earliest investors.
- Investment Focus Areas: Technology, healthcare, clean energy
- Notable Investments: Square, DoorDash, Impossible Foods
Where Is Glydways’ Headquarters?
Glydways is headquartered in South San Francisco, California, United States, strategically located in the Bay Area to access top engineering talent, transit infrastructure partners, and clean energy innovation hubs.
What’s Next for Glydways?
Glydways is advancing several major projects, including the Dynamic Personal Micro Transit initiative in Contra Costa and a new transit link in San Jose, California. These deployments are expected to improve commuter access, reduce congestion, and provide scalable transit options for urban areas.
The company plans further fundraising to support global expansion, particularly in Asia, where urban congestion is a growing challenge. Regulatory compliance, safety validation, and system integration remain key hurdles; however, with the increasing demand for sustainable and autonomous transit, Glydways is well-positioned as a strong contender in next-generation urban mobility.
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