Navya, a Lyon and Paris, France-based provider of smart mobility and driverless solutions, raised €30M in funding.
Backers included Valeo, Keolis, and GROUP8 as well as original shareholders, Gravitation, Cap Dècisif Management and Robolution Capital. After this increase, Robolution, managed by 360 Capital Partners, will retain the control of Navya.
The company will use the funds for for international business development and continued investment in R & D.
Created in 2014 and led by Christophe Sapet, CEO, Navya develops driverless, automated electric vehicles that are independent of all infrastructure designed for the intelligent transport of people and goods. In October 2015, the company launched the NAVYA ARMA, an autonomous, driverless and electric shuttle which can transport up to 15 people and which is now operating on private sites and public roads.
The vehicle is equipped with numerous sensors and an on-board computing system that enables it to interact with its surroundings.
The company, which has a team of 60 people in Lyon and Paris, has also signed:
– a collaboration agreement with Valeo Group in order to integrate their technology in the manufacturing of autonomous shuttles as well as optimizing sensor data treatment,
– a partnership agreement with the Keolis group enabling Navya to better meet driverless fleet management requests from cities,
– a distribution agreement with GROUP8 for the development of Navya in the Middle Eastern and African markets, including a sales joint venture and the establishment of an assembly line in the Gulf region.