Navya

NAVYA, created in 2014, is a self-governing French company and leading name in the development of innovative, smart and sustainable mobility solutions. NAVYA develops driverless, automated electric vehicles that are dedicated to first and last mile and independent of all infrastructure. October 2016 saw NAVYA secure a 30 million euro raise in capital together with its original shareholder, investment fund Robolution Capital, Cap Decisif Management with the FRCI Fund (Fonds Régional de Coinvestissement de la Région Ile de France), holding company GRAVITATION, French groups VALEO and KEOLIS and GROUP8. NAVYA benefits from major advances in technology in the driverless, electric vehicle sector thanks to a highly-qualified R&D team. Christophe Sapet, its CEO, is supported by a team of 120 people divided up between Lyon and Paris.

October 2016 saw NAVYA’s shareholders unanimously approve a raise in capital of 30 million euros. French groups VALEO and KEOLIS and the Qatari GROUP8 acquired a stake in the company alongside GRAVITATION and CAPDECISIF MANAGEMENT, who joined in 2015 and ROBOLUTION CAPITAL, the original investor.

In a joint announcement, NAVYA with project collaborators Michigan Economic Development Corporation (MEDC) and Ann Arbor SPARK announce that its Michigan plant will be located in the city of Saline, Michigan with a 20.000+ sq. ft. facility. NAVYA plans to build approximately 25 of its ARMA fully autonomous shuttle vehicles at the plant before the close of 2017. NAVYA’s breakthrough ARMA shuttle has become a global leader in first and last mile transportation solutions with a fleet of 45 vehicles deployed worldwide and more than 170.000 passengers transported to date. With the addition of its new plant in Saline the company will be able to boost production significantly to serve the growing North American market. The project is expected to generate a total capital investment of more than $1 million and create 50 jobs, resulting in a $435,000 Michigan Business Development performance-based grant. The funds are approved by the Michigan Strategic Fund and administered by the Michigan Economic Development Corporation.

Website

Related News