NAVYA updates its 2018 revenue target
– Several fleet projects postponed until 2019
– Growing sales opportunities for autonomous shuttles confirmed
Villeurbanne, France, 7 December 2018 – 7:00 am – NAVYA (FR0013018041- NAVYA), the leader in the autonomous vehicle market and in smart and shared mobility solutions, comments today on its business activity in 2018.
NAVYA expects that several shuttle fleet projects currently in the negotiation phase will only be completed in 2019. Furthermore, regulatory modifications in the United States are also momentarily delaying the issuance of authorizations for experiments of self-driving vehicles such as NAVYA’s to the US territory. Based on these factors, NAVYA considers that the announced revenue target of €30 million for 2018 will not be achieved. NAVYA’s revenue is expected to range between €17 million and €19 million, a 65% to 85% increase compared to the 2017 level.
NAVYA confirms the growing interest of the market in its autonomous shuttles and continues to deploy its self-driving vehicles in Europe, the Middle East and the Asia-Pacific region. NAVYA is now present in some of France’s biggest metropolitan areas (Paris, Lyon, Lille, Nantes and Rennes). The company is stepping up its business in Northern Europe and increasing sales in Asia-Pacific region.
At the end of November 2018, NAVYA had cash and cash equivalents of €24 million and has signed a €30 million financing agreement with the European Investment Bank. To bolster its technological leadership, NAVYA intends to pursue its investment in R&D and in its marketing and sales operations.
NAVYA is a leading French name in the autonomous vehicle market and in smart shared mobility solutions. With more than 250 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. NAVYA has a range of two autonomous vehicles: the AUTONOM® SHUTTLE, launched in September 2015, of which more than 100 had been sold as of 30 September 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 (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
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