EasyMile closed a €55 million series B round led by Searchlight Capital Partners.

EasyMile, a Toulouse, France-based developer of driverless vehicle solutions for material handling and shared passenger transport, announced it has closed a €55 million ($66.7M) Series B funding round.

The money was raised from investors led by Searchlight Capital Partners, a leading global private investment firm, joined by McWin and NextStage AM, and with earlier investors, including Alstom, Bpifrance and Continental, also participating.

The funding will facilitate the completion of EasyMile’s product and technology roadmap while accelerating its international expansion and client service.

EasyMile, founded in 2014 by CEO Gilbert Gagnaire, provides driverless solutions for both of its primary growth sectors: material handling and shared passenger transport. The company has partnerships with blue-chip suppliers in goods transportation, such as TLD for the TractEasy autonomous tractor, which is now available for commercial service. It is the world leader in autonomous shuttles, with 60 percent of the global market share and more than 180 vehicles deployed worldwide. It recently announced a collaboration on an autonomous mobility service experiment with Stellantis (Peugeot-Chrysler-Fiat) within the framework of France’s SAM Project. It also has further vehicle platforms in development.