May Mobility’s $1.4B SPAC Tests Asset-Light Autonomy

May Mobility is going public in a SPAC transaction that values the autonomous vehicle company at approximately $1.4 billion. The obvious story is the valuation. The more important logistics story is the operating model.May Mobility is attempting to separate autonomous intelligence from transportation assets. Its partners can own the vehicles, operate the depots, maintain the fleets and provide the customer interface, while May provides the autonomous driving system, software, remote assistance a