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Total amount raised
$250M+
Latest funding date
2026-04-14
Location
Glydways has raised over $250 million across multiple funding rounds, with notable investors including Khosla Ventures, Suzuki Motor Corporation, ACS Group, New Science Ventures, Gates Frontier, Mitsui Chemicals, and Sam Altman's Apollo Projects. 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.
Glydways has raised over $250 million across multiple funding rounds, with notable investors including Khosla Ventures, Suzuki Motor Corporation, ACS Group, New Science Ventures, Gates Frontier, Mitsui Chemicals, and Sam Altman's Apollo Projects. 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 in 2016 with a mission to revolutionize public transit, Glydways aims to provide a financially sustainable, inclusive, and efficient transit solution. The company is actively working on pilot projects launching in 2026 in the UAE, the greater New York area, and South Metro Atlanta.
How Much Funding Has Glydways Raised?
- Early Rounds (Pre-Series B)
- Amount Raised: Approximately USD 14,000,000 (disclosed portion across early rounds)
- Date: 2016–2022
- Lead Investors: Khosla Ventures (first investor)
- 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 (Initial Close)
- Amount Raised: USD 56,000,000
- Date: October 6, 2023
- Lead Investors: New Science Ventures
- Other Investors: ACS Group, Gates Frontier, Khosla 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 (Final Close)
- Amount Raised: USD 20,000,000 (additional tranche, bringing Series B total to USD 76,000,000)
- Date: May 14, 2024
- Lead Investors: Not publicly disclosed as a single lead
- Other Investors: Suzuki Motor Corporation, ENEOS Holdings, Mitsui Chemicals, Apollo Projects (Sam Altman)
- Valuation at Round: USD 350,000,000–400,000,000
- Motivation Behind the Round: To expand Glydways' operations and attract major Japanese strategic partners.
- Series C
- Amount Raised: USD 170,000,000
- Date: April 14, 2026
- Lead Investors: Suzuki Motor Corporation, ACS Group, Khosla Ventures (co-leads)
- Other Investors: Mitsui Chemicals, Gates Frontier (existing), Obayashi Corporation (new)
- Valuation at Round: Approximately USD 700,000,000
- Motivation Behind the Round: To scale autonomous vehicle network operations globally and fund three 2026 pilot launches in the UAE, greater New York area, and South Metro Atlanta.
Total Amount Raised: At least $250M based on disclosed funding. Current Valuation: Approximately USD 700,000,000.
Key Investors
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, focusing on early-stage investments in transformative technology companies. Glydways' first institutional investor and a co-lead on the Series C.
- Investment Focus Areas: Technology, clean energy, sustainability
- Notable Investments: Impossible Foods, Square, DoorDash
- Suzuki Motor Corporation
- Details: Japanese automotive manufacturer Suzuki Motor Corporation first invested in Glydways in May 2024 and co-led the $170M Series C round in April 2026. Suzuki is exploring commercialization of Glydways' technology in Asia.
- Investment Focus Areas: Automotive, mobility, autonomous vehicles
- Notable Investments: Not publicly disclosed
- New Science Ventures
- Details: New Science Ventures is a venture capital firm that invests in companies developing innovative technologies. NSV led the initial $56M Series B funding round for Glydways in October 2023.
- 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. ACS participated in the Series B and co-led the Series C 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 Bill Gates, focusing on innovative and impactful technologies. Gates Frontier participated in the Series B and Series C rounds for Glydways.
- Investment Focus Areas: Innovative technologies, sustainability, societal impact
- Notable Investments: Not publicly disclosed
- Mitsui Chemicals
- Details: Mitsui Chemicals is a Japanese chemical company involved in the production of chemicals and materials for various industries. Mitsui first invested in Glydways in May 2024 and continued in the Series C.
- Investment Focus Areas: Chemicals, materials, sustainability
- 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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