# May Mobility goes public in $1.4B SPAC deal

> The autonomous vehicle startup is merging with a SPAC to become the first U.S. public company focused entirely on robotaxis.
- Title: May Mobility goes public in $1.4B SPAC deal · TechCrunch
- Summary: The autonomous vehicle startup is merging with a SPAC to become the first U.S. public company focused entirely on robotaxis. May Mobility is testing whether…
- Keywords: may mobility, spac, autonomous vehicles, robotaxis, acp holdings acquisition corp, atlas credit partners, uber, lyft, atlanta, texas, minnesota, toyota sienna
- Source: TechCrunch — https://techcrunch.com/2026/09/16/may-mobility-is-going-public-in-a-1-4b-spac-deal
- Author: Sean O'Kane
- Published: 2026-09-16T15:27:13+00:00
- Read time: 1 min
- Topics: may mobility, spac, autonomous vehicles, robotaxis, acp holdings acquisition corp, atlas credit partners, uber, lyft, atlanta, texas, minnesota, toyota sienna
## May Mobility going public
The autonomous vehicle company is merging with a SPAC at a $1.4 billion valuation. The deal could raise more than $300 million for the startup.
## First pure robotaxi play
May Mobility will be the first U.S. public company focused entirely on autonomous ride-hailing. This sets it apart from Tesla, Waymo, and trucking-focused Aurora.
## Asset-light business model
May Mobility sells autonomous vehicles to fleet partners instead of owning them. It keeps control of remote supervision and software, earning fixed or per-trip fees.
## Current operations and revenue
The company operates Toyota Siennas in three U.S. cities, including Atlanta with Lyft. It generated $10 million in revenue last year while burning $93 million in cash.
## Track record so far
May Mobility has provided over 550,000 paid autonomous rides covering more than 1 million miles. It recently started trials in Japan and plans launches with Uber in Texas.
## The SPAC merger details
May Mobility is merging with ACP Holdings Acquisition Corp. The deal includes $120 million in private investment and up to $217 million from a trust account.
## Plans for the money
Proceeds will fund R&D to remove safety drivers and reduce vehicle costs. The company also plans new geographic deployments, with announcements expected later this year.
## Key takeaway

May Mobility is testing whether investors will back a pure-play robotaxi company with an asset-light, partnership-first business model.