On July 12, 2022, May Mobility, Inc. closed the transaction. The company received $111,000,000 in the transaction. The company received $28,000,000 in its second and final tranche.

The company has received $194,000,000 in funding till date. The transaction included participation from new investors Bridgestone Americas, Inc., Wanxiang Qianchao Co.,Ltd., State Farm Ventures, LLC, Next Century Ventures, LLC, SoftBank Corp., 10x GmbH, SAIC Motor Corporation Limited, Karma and returning investors LG Technology Ventures, Maven Ventures Growth Labs.