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- Glydways
Glydways Valuation, Funding & Investors
Glydways is valued at $700M as of April 2026.
Last Glydways valuation
$700M
Series C · Apr 2026
Last Glydways funding round
$170M
Series C · Apr 2026
Cumulative funding Glydways raised
$383M
across 5 funding rounds
Key investors in Glydways
Khosla Ventures
Gates Frontier Fund
Grupo ACS
New Science Ventures
Suzuki Motor
ENEOS Holdings
About Glydways
Glydways is a California-based mobility company developing personal rapid transit systems with autonomous Glydcars on dedicated guideways. Providing on-demand, direct rides without traffic delays, its network targets campuses, airports, and urban corridors with lower construction and operational costs than traditional rail.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$700M (Apr 2026)
Glydways Valuation
Glydways is currently valued at $700M, based on its Series C in April 2026.
The $170M round was led by Grupo ACS, Khosla Ventures and Suzuki Motor, with participation from Mitsui Phenols, Gates Frontier Fund and Obayashi.
Glydways' valuation has grown 1.9x from $375M at its Series B in May 2024 to $700M in April 2026, across 2 priced rounds.
Glydways valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2026 | Series C | $700M |
| May 2024 | Series B | $375M |
Glydways Funding History
Glydways has raised a total of $383M across 5 funding rounds.
Glydways' first fundraising round was a $35M undisclosed-stage round in September 2020. The most recent completed round was a $170M Series C in April 2026.
Glydways funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Series C | Grupo ACS (lead); Khosla Ventures (lead); Suzuki Motor (lead); Mitsui Phenols; Gates Frontier Fund; Obayashi | $170M | $700M | - |
| Sep 2025 | Undisclosed stage | ENEOS Holdings; Khosla Ventures; Suzuki Motor; New Science Ventures; Gates Frontier Fund; Mitsui Chemicals; Grupo ACS | $101M | - | Glydways is a South San Francisco-based transportation technology company founded in 2016 that develops Automated Transit Network (ATN) and Personal Rapid Transit (PRT) systems using autonomous, self-driving vehicles operating on dedicated guideways. The company's modular, on-demand transit solutions are designed to integrate clean energy with scalable infrastructure, positioning them as alternatives to traditional mass transit while addressing e-commerce growth and urban sustainability mandates. In September 2025, Glydways secured $101.3 million in equity funding to advance its technology and accelerate deployments. The round was structured to expand its Richmond, California testing facility and support major projects including the San José Airport Connector and dynamic personal micro transit initiatives in Contra Costa County and East Contra Costa. Strategic partnerships with Suzuki Motor, Mitsui Chemicals, and other investors, combined with federal grants, enhance the company's scalability and competitive positioning within the urban mobility sector. As of March 2026, the company's post-money valuation, revenue, and EBITDA metrics remain undisclosed publicly, though secondary market data suggests a valuation estimate of approximately $634–648 million based on later-stage valuations reported by alternative data providers. Glydways has raised approximately $212.5 million cumulatively across multiple rounds since inception, with prior major funding including a $56 million Series B in October 2023 led by New Science Ventures and Khosla Ventures. |
| May 2024 | Series B | ENEOS Holdings; Khosla Ventures; Suzuki Motor; New Science Ventures; Gates Frontier Fund; Apollo Projects; Mitsui Chemicals; Grupo ACS | $20M | $375M | Glydways is a South San Francisco-based transportation technology company founded in 2016, specializing in on-demand Personal Rapid Transit (PRT) systems using autonomous, battery-operated electric vehicles on dedicated guideways to revolutionize urban mobility, reduce congestion, and provide equitable access to housing, jobs, education, and healthcare. The company integrates clean energy with scalable infrastructure for affordable, efficient, and sustainable mass transit, deployable at-grade, elevated, or tunneled, and compatible with existing public transport. On May 14, 2024, Glydways closed a $20 million Series B tranche, the second and final part of a $76 million transaction, with new strategic investors including Suzuki Motor Corporation, ENEOS Holdings, Mitsui Chemicals, and participation from existing backers like Khosla Ventures, New Science Ventures, ACS Group, Gates Frontier Fund, and Apollo Projects. This funding brought total capital raised to over $100 million (some sources cite $111 million across prior rounds), valuing the company at $350-400 million and supporting operational expansion, technology refinement, and business reach, particularly in Asia and projects like a 4.4-mile San Jose airport connector and a 28-mile system in East Contra Costa County. Suzuki is in discussions to become a strategic manufacturing partner, with preliminary engineering underway, while the investment bolsters US-Japan cooperation in autonomous transit tech. Glydways plans passenger services between San Jose Mineta International Airport and Diridon Station by 2028, alongside Southeast Asia expansion leveraging Japanese backers, amid challenges like regulatory compliance, safety validation, land acquisition, and system integration in dense urban areas. Prior rounds included a $56 million Series B in June/October 2023 from New Science Ventures, Azure Capital Partners, Gates Frontier, Grupo ACS, and Khosla Ventures, plus earlier funding like $35 million in 2020, building toward broader deployment in California and globally. |
| Oct 2023 | Series B | Alumni Ventures (lead); New Science Ventures (lead); Khosla Ventures; Gates Frontier Fund; Grupo ACS | $56M | - | Glydways develops on-demand Personal Rapid Transit (PRT) systems using autonomous Glydcars that operate on dedicated, closed-road guideways, enabling 24/7 service without traffic or emissions at public transit prices. The company focuses on revolutionizing urban mass transit with scalable, efficient infrastructure combining clean energy and dedicated lanes for easier certification than open-road autonomy. Glydways has secured projects like the San Jose Mineta Airport-Diridon Station Connector and Contra Costa Transportation Authority/Tri Delta Transit's Dynamic Personal Micro Transit in California. In October 2023, Glydways closed a $56 million Series B round, including conversion of over $28 million in notes, led by New Science Ventures with participation from Grupo ACS, Gates Frontier, and Khosla Ventures; sources also mention Alumni Ventures as a lead. This brought total funding to over $70 million since 2016. The capital supports technology development, refinement for urban mass transit, and key California projects awarded around the funding time. Subsequent rounds include a $20 million Series B in May 2024 led by Suzuki Motor and Gates Frontier for Asian growth and East Contra Costa expansion, with total funding reaching $111.2 million by mid-2024 per some trackers, though later data shows higher amounts up to $212 million by 2025. |
| Sep 2020 | Undisclosed stage | Khosla Ventures; UpHonest Capital | $35M | - | Glydways is a South San Francisco-based autonomous transportation company founded in 2016 by Mark Seeger that develops Personal Rapid Transit (PRT) systems using battery-operated electric vehicles traveling on dedicated lanes. The company aims to provide equitable access to housing, jobs, education, and healthcare through efficient, sustainable, and zero-emission transportation options. In September 2020, Glydways raised $35.2 million in venture funding to accelerate the development of autonomous transportation systems. The company has continued to expand, securing projects with Contra Costa Transportation Authority and Tri Delta Transit to enhance public transit accessibility in California. |
Who has invested in Glydways?
12 investors have backed Glydways across its funding rounds, including Khosla Ventures, Gates Frontier Fund, Grupo ACS, New Science Ventures, Suzuki Motor and ENEOS Holdings.
Lead investors include Grupo ACS, Khosla Ventures, Suzuki Motor, Alumni Ventures and New Science Ventures.
Glydways Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Sep 2020 | ||
| 4 | Participant | Oct 2023 | ||
| 4 | Lead | Oct 2023 | ||
| 3 | Lead | May 2024 | ||
| 3 | Lead | Oct 2023 | ||
| 2 | Participant | May 2024 | ||
| 2 | Participant | May 2024 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Participant | May 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGlydways Competitors
Glydways competitors include listed companies like Aeva and Wuxi Boton Technology, and private ones like Gatik, StradVision, Phantom Auto and TuSimple.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $700M | - | ||
| Private | $32M | - | $279M | 8.7x | ||
| Private | $37M | - | $500M | 13.5x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $18M | ($139M) | $1.1B | 35.6x | ||
| Publicly listed | $516M | $55M | $1.3B | - |
Glydways Public Comps
Glydways is still privately-owned, but its public comps include Duolun Technology, Eve Air Mobility, New Trend International Logis-Tech, Elsight, Kodiak AI, Guotai Epoint Sofware, TomTom, e-Hualu, INIT SE and IVU Traffic Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $60M | $2M | 9.2x | - | 277.1x | - | |||
| - | ($212M) | - | - | (3.0x) | (2.8x) | |||
| $352M | $42M | 1.4x | - | 11.9x | - | |||
| $23M | $6M | 30.7x | 15.3x | 117.5x | 34.5x | |||
| $4M | ($577M) | 233.9x | 98.7x | (1.5x) | (6.6x) | |||
| $274M | $14M | 1.3x | 1.4x | 26.2x | 25.3x | |||
| $639M | $18M | 0.5x | 0.5x | 18.5x | 6.6x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
This data is available for Pro users. Sign up to see all Glydways competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Glydways
| When was Glydways founded? | Glydways was founded in 2016. |
| Where is Glydways headquartered? | Glydways is headquartered in San Francisco, CA, United States. |
| Is Glydways publicly listed? | No, Glydways is a private, VC-backed company. |
| What is Glydways' valuation? | Glydways was last valued at $700M in its Series C in April 2026. |
| How much funding has Glydways raised? | Glydways has raised $383M across 5 funding rounds. |
| What was Glydways' last funding round? | Glydways' last funding round was a $170M Series C in April 2026, led by Grupo ACS, Khosla Ventures and Suzuki Motor. |
| Who are Glydways' investors? | Glydways' investors include Khosla Ventures, Gates Frontier Fund, Grupo ACS, Suzuki Motor, New Science Ventures, ENEOS Holdings, Mitsui Chemicals, Mitsui Phenols, Alumni Ventures, Apollo Projects and 2 others. |
| Which companies are comparable to Glydways? | Companies comparable to Glydways include Gatik, StradVision, Phantom Auto, TuSimple, Aeva and Wuxi Boton Technology. |
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