Mitsui Chemicals invests in US-based personal rapid transit developer Glydways
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Mitsui Chemicals invests in US-based personal rapid transit developer Glydways

Glydways is a startup developing an on-demand personal rapid transit (PRT) system

  • By ICN Bureau | June 01, 2024

Mitsui Chemicals announced that it has invested in Glydways.

Glydways is a startup developing an on-demand personal rapid transit (PRT) system, which sees small, self-driving electric vehicles similar in size to kei cars travel along dedicated lanes. 

By having four-seater vehicles called Glydcars travel along dedicated lanes 1.7 meters wide – less than half the width of a regular traffic lane – more users can travel sustainably, in comfort and for a reasonable price. Further, the system both has net-zero CO2 emissions and mitigates traffic congestion, helping to minimize climate change.

Mitsui Chemicals’ VISION 2030 Long-Term Business Plan includes the basic strategies of pursuing business portfolio transformation, building solutions-based business models and bolstering circular economy initiatives. The investment in Glydways will enable a wide range of support for a new transport system that makes major contributions to lessening traffic congestion and reducing CO2 emissions – not only by providing the company’s unique materials, but also by aiding in everything from development and small lot production to post-launch maintenance and recycling.

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