Management & Operations

Alstom invests in driverless vehicle co. Easy Mile

Posted on January 19, 2017

Easy Mile_Metropolia1
Easy Mile_Metropolia1

Alstom is investing $14.8 million, and thus taking a minority stake, in EasyMile, an innovative start-up company developing the EZ10 electric driverless shuttle. The investment forms part of the start-up’s ongoing capital increase.

In parallel, Alstom and EasyMile have signed a commercial partnership agreement aiming at joining their forces to provide integrated solutions for urban transportation. Alstom will be present at EasyMile’s board.

The EZ10 provides shared driverless transportation for the last mile. EasyMile electrical shuttles operate from a transport hub to a final destination within a precinct or confined area. EasyMile shuttles transport up to 12 passengers. Since April 2015, the EZ10 has been deployed in more than 50 sites in 14 countries in Asia, North-America, Middle-East, and Europe. The exceptional experience and lessons learned through all these projects is continuously integrated in EasyMile products and solutions.

“In the frame of its 2020 strategy, Alstom has decided to explore adjacent businesses, especially in the context of digitalization. Through this investment, Alstom expands its knowledge into the driverless technologies and pursues its development in the growing field of smart mobility. We are confident in the success of the EZ10, already tested in different climates and conditions,” declares Bruno Marguet, head of strategy at Alstom.

The funds provided by Alstom will be used to accelerate the company growth and support the R&D program. Additionally, EasyMile will benefit from Alstom’s network to increase its global reach.

Founded in 2014, EasyMile is a high-tech start-up specialized in providing both software powering autonomous vehicles and smart mobility solutions. It is based in Toulouse, Singapore, and Denver and employs today 60 employees.

View comments or post a comment on this story. (0 Comments)

More News

Office building rents 40% higher when transit accessible, study finds

Nationally, the CSAs of Denver, New York/New Jersey, Washington, D.C., and the San Francisco Bay Area are rated the highest on the transit-accessibility scale.

MBTA hires communications vet to enhance customer experience

As the MBTA’s new chief customer officer, Danny Levy will be responsible for improving the daily experience of MBTA riders.

Lyft to offer discounts for people using bikes, scooters to connect to transit

The company recently acquired Motivate, which runs Citi Bike in New York City and Ford's GoBike program in San Francisco.

Caltrain takes new approach to fare enforcement

In the past, Caltrain has used a proof-of-payment/honor-based system, and conductors were responsible for daily fare inspections.

L.A. Metro reduces bike-share fares, plans expansion

In reducing the walk-up price to just $1.75, Metro has now made the cost the same as a one-way fare for Metro’s Bus and Rail System.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close