May Mobility, Inc. has entered into a definitive business combination agreement with ACP Holdings Acquisition Corp. to become the first U.S. publicly listed pure-play autonomous ride-hail technology company.

“We started May Mobility because getting around a city shouldn't cost people their time, their safety or their freedom. Becoming a public company is how we bring that within reach for more people, faster,” said May Mobility Founder and CEO Dr. Edwin Olson. “By partnering with the best companies in the world, we can give people a smarter way to move through their cities, at a scale none of us could reach alone."

The company has completed more than 550,000 commercial autonomous rides across 1.1 million miles in the United States and Japan, including three driver-out deployments to date. It currently operates commercially in three U.S. locations, with Lyft in Atlanta and autonomous ride services in Eden Prairie and Grand Rapids, Minn., and is targeting to launch commercial operations with Uber in Arlington, Texas, in Q4 2026 or Q1 2027. May Mobility says the asset-light model offers ride-hail platforms a proven autonomous technology architecture that navigates diverse driving environments safely and is built to scale efficiently. 

“Our conviction in May Mobility is grounded in the extensive fundamental and operational work our team has done with the company and in what we believe is a differentiated and capital-efficient approach to autonomous mobility," said ACP Holdings Chairman and CEO and Atlas Credit Partners Founder Andrew Mallozzi. "May Mobility has demonstrated meaningful commercial traction, validation of technology and a robust ecosystem of strategic partners, including Uber, Lyft, Grab and CaoCao. We are pleased to support the company’s next phase of growth through this transaction and the fully committed PIPE secured in connection with the business combination.”