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EasyMile raises $66M for its autonomous people-and-goods shuttles We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and shuttles for specific uses within closed-campus deployments say they are on their way to commercial operations and are raising money to get there. In the latest development, a startup out of Toulouse, France, called EasyMile — which builds shuttles for transporting both people and goods — has closed a Series B of €55 million ($66 million). The funding is being led by Searchlight Capital Par...

Global safety solutions company Survitec announced completion of a £270 million (over CA $466M) refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares.”) Ray Leclercq, Survitec’s Chief Financial Officer said in a statement, “Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business. This marks a key milestone for Survitec’s customers, employees, shareholders and other partners. We completed this financing with an industry leader such as Ares based on the strength of our underlyin...

Survitec Completes £270 Million Refinancing In Private Debt Market Global safety solutions leader Survitec announced today that it has completed a £270 million refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares”), a leading global alternative investment manager. Ray Leclercq, Survitec’s Chief Financial Officer said, “Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business. This marks a key milestone for Survitec’s customers, employees, shareholders and other partners. We ...