Glydways Secures $56 Million In Series B Funding Led By New Science Ventures And Khosla Ventures

RAISE IMAGE: Mark Seeger DATE: 09/05/2023 COMPANY: Glydways INVESTORS: New Science Ventures, Khosla Ventures, Gates Frontier Fund & ACS, Actividades de Construcción y Servicios ROUND: Series B AMOUNT: $56,000,000 NOTE: Glydways, a South San Francisco-based urban mobility company known for its Personal Rapid Transit (PRT) system, has successfully raised $56 million in Series B funding, bringing its total funding to over $70 million, including the conversion of notes worth more than $28 million. Led by CEO Gokul Hemmady and founded in 2016 by Mark Seeger, Glydways aims to provide equitable access to housing, jobs, education, healthcare, and community through its innovative PRT system, featuring autonomous, battery-operated electric vehicles traveling on dedicated lanes, offering efficient, sustainable, and zero-emission transportation options. Glydways has also secured projects, including one with Contra Costa Transportation Authority and Tri Delta Transit, to enhance public transit accessibility in California communities. HQ: #SouthSanFrancisco #California #VentureCapital #MarkSeeger #Glydways #NewScienceVentures #KhoslaVentures #GatesFrontierFund #ACSActividadesdeConstrucciónyServicios #TradedVC