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MILLA GROUP

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MILLA Group maker #newmobilities provides global solutions. MILLA Group develops and markets an autonomous electric @MILLApod

Meudon, FranceFounded 2018Transportation
Valuation $50–100M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for MILLA GROUP and the history behind them.

About MILLA GROUP

Positioned within the French automotive sector, MILLA GROUP operates as a manufacturer and service provider for automated transportation systems. The company was established in 2017 by co-founders Frédéric Mathis, who serves as CEO, and Eric Gendarme. Mathis brings 35 years of experience from key roles in innovation and autonomous vehicles at Renault and Vedecom, a background that directly informs MILLA's strategic direction. The firm's creation was driven by Mathis's vision to accelerate the deployment of tangible autonomous mobility solutions tailored to market demands.

MILLA GROUP's business model encompasses the entire value chain, from vehicle design and manufacturing to the operational deployment of autonomous services. The company functions as a holding company with two main subsidiaries: ISFM, which focuses on software development, robotics, automation, and supervision platforms, and BetaEpsilon, which handles vehicle development and manufacturing. This integrated structure allows MILLA to offer a comprehensive product and service suite targeting public transport operators and local authorities. Revenue is generated through the sale of its vehicles and associated services. The company has received backing from investors including Bpifrance, Celad, and LNE SM HOLDING, securing €15 million in an Early VC round in June 2023.

The core offering is a unique range of modular vehicles, including mini-buses and delivery vans, that are natively equipped for automation while retaining a driver's station. These vehicles can carry 8 to 20 passengers and are adaptable for disabled access, bicycles, or logistics. A key feature is their dual-mode capability, allowing for autonomous operation at speeds up to 50-60 km/h and manual driving at up to 90 km/h on open roads, without requiring dedicated infrastructure. Beyond the vehicles, the company provides supervision systems, operational and passenger information systems (SAE+IV), and related services like training and commissioning. This approach allows for immediate integration into existing transport networks, serving a diverse range of environments from private sites to rural and urban areas. The company has deployed its solutions in various French territories including La Rochelle and Vélizy and works with major clients like Renault, RATP, and La Poste.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Meudon, France
Employees
84
Open positions
None listed
Dealroom signal
71.3/100
Industry
Energy, Transportation
Sub-industry
Mobility, Autonomous & Sensor Tech, Vehicle Production
Sector
Transportation, Autonomous Mobility, Autonomous Vehicle, Hard Tech, participations bpifrance, observatoire greentech, observatoire industrial tech
Business model
Manufacturing

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jun 2023 $17M $66M Critical Path Ventures · Bpifrance —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

MILLA GROUP website traffic

Latest recorded traffic for MILLA GROUP is 900 monthly website visits, down 18.2% over the last three months. MILLA GROUP's team grew 3.7% over the past year.

Latest monthly visits900 3-month web change-18.2% 1-year team growth+3.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇫🇷 France91.4%
🏳️ Sierra Leone2.9%
🇩🇪 Germany2.9%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about MILLA GROUP on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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