Alliances & AcquisitionsAutonomous

Continental invests in EasyMile, a company working on developing driverless electric shuttles

Continental is investing in EasyMile. EasyMile SAS is a French autonomous driving company, which is developing in particular driverless electric shuttles. Autonomous shuttles (or robo-taxis) are set to play a key role in efficiently addressing the “first mile – last mile challenge”, enabling seamless mobility services for urban and suburban demographics.

continental-easymile-t'wire

  • Continental acquires a minority share participation in the French company EasyMile, a pioneer in driverless technology and smart mobility solutions

  • The objective is to develop cutting-edge technologies for driverless vehicles and to open up new fields of competence

  • Continental and EasyMile will test Continental’s current technologies with EasyMile’s autonomous navigation software and systems

Widespread deployment of autonomous shuttle fleets is expected to alleviate inner city congestion by enabling door-to-door public transportation at scale. In addition to Continental’s equity investment in EasyMile, the companies plan to cooperate closely in the fields of environmental sensors, braking systems and driving safety technologies. The completion of the transaction is subject to approval by the relevant antitrust authorities.

Tags

Related Articles