Glydways says it offers a fundamentally different mobility system that delivers order-of-magnitude improvements in efficiency, cost, and rider experience, with attractive operating margins. | Source: Glydways
Glydways, a company developing autonomous vehicles for urban mobility, last week announced it raised $170 million in Series C funding. With the latest round, the company has raised over $250 million in funding since it was first founded.
The oversubscribed commercialization round comes alongside Glydways’ recent global momentum. This includes securing Memorandums of Understanding with the Abu Dhabi Investment Office and the Dubai Roads & Transport Authority. Additionally, Glydways’ first publicly accessible system is in South Metro Atlanta.
“Glydways is not an evolution of transportation, it’s a fundamentally new model for how cities move. Glydways is now entering real-world operations, showing that high-capacity, on-demand personal mobility can be better for riders, financially sustainable, and solve congestion,” said Mark Seeger, founder and co-CEO of Glydways. “Glydways will be in public operations this year, showing the public a new way of moving around cities that is efficient and affordable. Having dedicated investors alongside us supporting every facet of our go-to-market motion is essential as Glydways becomes a reality for riders globally.”
The San Francisco, Calif.-based company hopes to enable cities to build and scale networks of autonomous vehicle expressways that move people at 10 times the throughput and cost efficiency of today’s technology.
Suzuki Motor Corporation, ACS Group, and Khosla Ventures co-led the round. It also included participation from existing investors Mitsui Chemicals and Gates Frontier, and a new investor, Obayashi Corporation, a leading general contractor and developer.
Glydways goes beyond the limits of typical autonomous vehicles
Glydways represents a new category of mobility. While autonomous vehicles have advanced rapidly, their impact is fundamentally constrained when deployed on existing roads.
Glydways pairs autonomous vehicles with dedicated, managed, small guideways, creating high-capacity, on-demand networks that operate without congestion or stops. The company said its system delivers direct, on-demand, private rides. These drive significantly higher ridership while adding greater mobility capacity at a significantly lower fare.
“The future of urban mobility is seamless, zero-congestion, zero-stop movement, where movement is designed as continuous flow, not managed as traffic,” added Seeger. “Relative to existing systems, Glydways will feel like teleportation.”
The proceeds from this round will be deployed across three strategic priorities:
- Geographic Expansion: Glydways is launching three operational pilots in 2026. These will be in the UAE, New York City, and Atlanta. The company plans to ramp up for large-scale operations beginning in 2027.
- Technology Development: The company will accelerate the production of its next generation of Glydcars manufactured by the company’s partner, Suzuki.
- Talent and Infrastructure: As Glydways prepares to scale to meet the demand caused by the rapid doubling of the world’s urban population, the company is continuing to grow its headcount as it expands its global footprint across North America, APAC, the Middle East, and Europe. Glydways now operates eight offices around the world.
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