Gate News message, April 15 — Glydways, a San Francisco-based autonomous transit startup backed by Sam Altman, is in talks to raise an additional $250 million following a $170 million Series C round, seeking a valuation above $1 billion, according to founder and co-CEO Mark Seeger. The company is developing pod-like self-driving vehicles that run on dedicated two-meter-wide lanes.
Glydways said it is negotiating more than 20 projects globally. The startup has begun construction this year on a public system in South Metro Atlanta, while Dubai is targeting commercial operation in 2027.
The company is pursuing Middle East expansion beyond Dubai, including a strategic partnership with the Abu Dhabi Investment Office (ADIO) to explore deployment across Abu Dhabi and establish a local final assembly and production facility. The Dubai project uses a Public-Private Partnership (PPP) model, with Dubai’s Roads and Transport Authority (RTA) claiming the system could carry over 20,000 passengers per hour in both directions and achieve capital cost savings of up to 90% compared to rail.
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