Overview
- Glydways, which announced a $170 million Series C on Wednesday, plans to use the funds to start public pilots this year.
- The first systems are slated for the UAE, the greater New York area, and South Metro Atlanta, where construction has begun, with larger rollouts targeted in 2027.
- The service uses small electric pods on dedicated two‑meter guideways that bypass street traffic, with the company claiming up to 10,000 riders per hour and much lower build costs than rail.
- Suzuki Motor Corporation, ACS Group, and Khosla Ventures led the round, with Mitsui Chemicals, Gates Frontier, and new investor Obayashi joining, and UAE transport ties include Abu Dhabi’s investment office and Dubai’s roads authority.
- Glydways says it is valued near $700 million, and Bloomberg reports talks for another $250 million that could lift the valuation above $1 billion.