Summary:
Glydways, a robocar network startup backed by Sam Altman and Suzuki Motor Corp., has hired JoAnn Covington as its new chief legal officer.
Covington brings extensive experience in the transportation technology sector, having previously served as the top lawyer for electric-bus maker Proterra Inc.
The appointment comes after Glydways secured $76 million in Series B funding to expand its operations into Southeast Asia and build an autonomous vehicle track in San Jose, California.
Glydways' investor lineup includes Bill Gates' Gates Frontier venture fund, Khosla Ventures, Eneos Holdings Inc., and Mitsui Chemicals Inc.
Covington's expertise in navigating complex legal and regulatory landscapes will be crucial for Glydways as it scales its operations and enters new markets.
Glydways Hires Legal Chief Amid Expansion Plans
Glydways Inc., a robocar network startup backed by OpenAI's Sam Altman and Suzuki Motor Corp., has hired JoAnn Covington as its new chief legal officer. Covington brings extensive experience in the transportation technology sector, having previously served as the top lawyer for electric-bus maker Proterra Inc.
Covington's appointment comes just over a month after Glydways secured $76 million in Series B funding. The company plans to use the funds to expand its operations into Southeast Asia and build an exclusive track for its autonomous vehicles in San Jose, California. The track will shuttle passengers between the city's airport and central train station, with operations expected to begin as early as 2028.
Glydways' investors include a star-studded lineup, including Bill Gates' Gates Frontier venture fund, Khosla Ventures, oil refinery operator Eneos Holdings Inc., and Japan's Mitsui Chemicals Inc.
Covington's Background
Before joining Glydways, Covington served as a corporate development advisor to the CEO of electric battery startup Sparkz Inc. She spent over six years at Proterra, where she held the roles of legal chief, head of government relations, and corporate secretary. Notably, Proterra filed for bankruptcy last summer despite receiving millions in pandemic aid from the U.S. government.
Significance of the Hire
Covington's expertise in navigating complex legal and regulatory landscapes will be crucial for Glydways as it scales its operations and enters new markets. Her experience in the transportation and clean energy sectors aligns with Glydways' mission to revolutionize urban mobility with its autonomous vehicle technology.
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