-71%

est. 2Y upside i

Series D+

Transforming cities and rural areas through AV transit and technology

Rank

#3512

Sector

Autonomous Vehicles

Est. Liquidity

~2Y

Data Quality

Data: Medium

Despite a strong technology moat and strategic partnerships, May Mobility’s high valuation and critical competitive threats result in a negative expected equity upside over 2 years.

Last updated: July 3, 2026

Bull (10%)+80%

IPO window opens and ECARX partnership drives sustained high multiple (~35x revenue). After 20% dilution, net upside is 80%.

Base (40%)-74%

Multiple compresses to 8x as growth decelerates and competition rises. After 20% dilution, downside is -73.7%.

Bear (50%)-100%

Multiple drops to 4x, exit value below $383M preferred stack; common stock recovers nothing, -100% return.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

30%

Total funding of $383M vs valuation of $1.29B implies a 30% preference overhang, meaning common stock has limited upside in a down scenario.

Dilution Risk

high

Given only $6M raised in last round and high capital intensity, a significant raise is likely within 2 years, diluting existing common by ~20%.

Secondary Liquidity

none

No secondary market data available; liquidity is expected via IPO or acquisition.

View all 31 open roles at May Mobility →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on May Mobility's data — designed to show you've done your homework.

  • 1

    “How does May Mobility's MPDM technology differentiate against Waymo's massive dataset advantage?”

  • 2

    “What is the path to profitability given 60% gross margins and high R&D costs?”

  • 3

    “Given the high probability of dilution, what is the expected ownership retention over the next 2 years?”

Community

Valuation Sentiment

Our model estimates -71% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.