VILLEURBANNE, France--(BUSINESS WIRE)--Regulatory News:
NAVYA (FR0013018041- NAVYA) (Paris: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.
About NAVYA
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
