ALSTOM SA: Alstom invests in EasyMile, a start-up developing electric driverless shuttles
January 19 2017 - 2:45AM
Alstom invests in EasyMile, a start-up developing
electric driverless shuttles
19 January 2017
- Alstom is investing €14 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 specialised in providing both software powering
autonomous vehicles and smart mobility solutions. It is based in
Toulouse, Singapore and Denver (USA) and employs today 60
employees.
About
Alstom
As a promoter of sustainable mobility, Alstom
develops and markets systems, equipment and services for the
railway sector. Alstom manages the widest range of solutions in the
market - from high-speed trains to metros and tramways - customised
services (maintenance, modernisation,.) and infrastructure and
signalling solutions. Alstom is a world leader in integrated
railway systems. It recorded sales of €6.9 billion and booked €10.6
billion of orders in the 2015/16 fiscal year. Headquartered in
France, Alstom is present in over 60 countries and employs 31,000
people today.
www.alstom.com
Press
contacts
Justine Rohée - Tel. + 33 1 57 06 18 81
justine.rohee@alstom.com
Linda Huguet - Tel. + 33 1 57 06 10
42
linda.huguet@alstom.com
Investor
relations
Selma Bekhechi - Tel. + 33 1 57 06 95 39
Selma.bekhechi@alstom.com
Julien Minot - Tel. + 33 1 57 06
64 84
Julien.minot@alstom.com
Press Release_Alstom invests in
Easymile_EN.pdf
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ALSTOM SA via Globenewswire
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