May Mobility, Inc. announced that it will receive $154,732,391.7588 in a round of funding on January 13, 2022. The company will issue 26,566,064 series C preferred shares at issue price of $5.6463 per share for the gross proceeds $149,999,967.1632 and 931,268 series C-1 preferred shares at issue price of $5.0817 per share for the gross proceeds $4,732,424.5956 in the transaction. The shares are convertible, participating, non-redeemable and non-cumulative.

The shares will be convertible in common shares at a fixed conversion price of $5.6463 and $5.0817 per share. The round will be raised at post money valuation of $294,727,263.