NAVYA signed a €30 m financing agreement with the European Investment Bank – EIB
In 2018, NAVYA has raised close to €80 m to support its development
Villeurbanne, France, August 9, 2018 – NAVYA (FR0013018041- NAVYA), a leading company in the autonomous vehicle market and in smart and shared mobility solutions, announces having signed a €30 m financing agreement with the European Investment Bank – EIB.
This financing of €30 m follows the various fundraising events (equity and debt) that have already occurred in 2018 to bring NAVYA’s total financing to close to € 80 m for the year 2018.
NAVYA thus has extensive resources to strengthen its technological leadership, to expand its sales and marketing teams and to invest in strategic adjacent markets, while pursuing further international expansion.
The financing is made of 2 tranches (A and B) of €15 m and each tranche will have a maturity of 5 years starting at the date of the draw dawn. Tranche B is subject to performance condition. The draw is at NAVYA’s discretion and at the time of the draw of Tranche A, a number of warrants will be issued representing 1.5% of NAVYA’s shares.
NAVYA is a leading French name in the autonomous vehicle market and in smart shared mobility solutions.
With more than 200 employees in France (Paris and Lyon) and in the United States (Michigan), NAVYA develops, manufactures and commercializes autonomous, driverless, and electric vehicles that combine robotic, digital and driving technologies at the highest level.
Since 2015, NAVYA has been the first to market and put into service autonomous mobility solutions, shuttles and cabs. NAVYA has a range of two autonomous vehicles: the AUTONOM® SHUTTLE, launched in September 2015, of which more than 100 have already been produced as of today and 89 sold in 17 countries as of June 30, 2018, notably in the United States, France, Germany, Switzerland, Japan and Australia, and the AUTONOM® CAB, unveiled in November 2017 and whose first road tests will start shortly.
Created in 2014 by Christophe Sapet and Robolution Capital 1 (managed by 360 Capital Partners), his reference shareholder, NAVYA’s shareholders also include the Gravitation fund and Paris Region Venture Fund (Région Île-de-France) managed by Cap Decisif Management as well as Valeo and Keolis groups.
NAVYA is listed on the Euronext regulated market in Paris (ISIN code: FR0013018041- NAVYA).
For more information visit: www.navya.tech/en