Glydways

United States - South San Francisco, California

• 01/09/2023
• Series B
• $47,000,000

Glydways, Inc. is an American transportation technology and clean energy company based in South San Francisco, CA. The company specializes in the design, manufacture, installation and operation of affordable autonomous transportation for low, medium and extremely high capacity needs.

Founded in 2016 by engineer and entrepreneur Mark Seeger, the company was started with the goal of providing affordable mobility for communities across the world. This goal is founded in the belief that access to affordable housing, employment, education and care lead to economic and social prosperity, and the key to this equity is mobility for as many people as possible.

Lead by Seeger who serves as CEO, the company’s core objectives are to provide a 24/7 mobility service solution that is environmentally net-negative in terms of greenhouse gas production (GHG), and, inherently profitable. GHG-negative is achieved through the invention and use of power-efficient technologies to reduce the watt-hours-per-person-per-unit-distance traveled, and, photovoltaics embedded into the infrastructure. Economic sustainability is achieved by designing for operational costs that are inherently lower than revenue collected when selling a ride. The key comes from decoupling the unit-costs from the utilization of the system, something that is not possible with existing pubic/mass transportation systems. By being financially sustainable, Glydways relieves municipalities of the vast annual subsidies required to operate existing solutions, which are inherently unprofitable and thereby a fiscal burden to public budgets. Further, the Glydways business model allows for private capitalization of entire systems.

Glydways provides the highest capacity, at the lowest cost, with the best user experience, and the lowest greenhouse gas footprint of any mobility solution, providing a personal, on-demand, and point-to-point journey with no stops between origin and destination.

Related People

Gokul HemmadyFounder

United States - San Francisco, California

10 years as Chief Financial Officer of Publicly listed Companies in the Technology/Telecom industry, of which 5 years as CFO of a Fortune 500 wireless company.

Strategic thinker and partner to CEO/Business with operating/P&L responsibility. Recently managed a US$2 billion P&L for a Fortune 500 wireless company. I like to build businesses, challenge the status quo and motivate teams to reach out for the stars. Gained valuable experience restructuring operations at ADC Telecom and leading key transformation projects at Nextel as Chief Transformation Officer that resulted in speed and agility in the market place by moving decision making closer to customers.

Face of the company to the investment community crafting and communicating strategy to Wall Street at investor conferences, quarterly earnings calls, analyst days and road shows. Raised $15 billion funding in public (debt and equity linked) and bank debt markets in support of strategic initiatives. Managed a $100 million Venture Capital Fund as part of a Telecom equipment manufacturer. As CFO and strategic business partner supported 25% plus top line and EBITDA growth for 4 years at Nextel International; Experience driving disruptive market share growth as CEO of Nextel Brazil . Significant experience leading cost reduction and leadership programs during the tech downturn of 2001. Led several transactions to sell non strategic assets and acquire companies/properties.

Authentic leader with a transparent style who promotes execution excellence through a "Drill Down" culture and attention to details. "Dream Big, Act Now" is what I got the entire team rallied around at Nextel Brazil to drive disruptive market share gains.

LinkedIn https://www.linkedin.com/in/gokul-hemmady-38187ab/