Original backer Robolution Capital (now part of 360 Capital Partners) to retain control and key advisory role in Navya’s growth strategy
French groups Keolis and Valeo and Qatari group GROUP8, join as shareholders alongside historic shareholders CapDecisif Management and Gravitation
Deal includes strategic agreements for technology, product developments, and international commercialization
Lyon, Paris, France, October 11th 2016 – Navya, a world leader in smart mobility and driverless solutions announced today a €30 M fundraise from original backer Robolution Capital (now part of 360 Capital Partners), historical backer CapDecisif Management and Gravitation, and new contributions from leading French transportation group Keolis, automotive supplier Valeo and Qatar-based holding Group8. The company will use the funds primarily for international expansion focused on the United States, Europe and the Gulf Region.
Bruno Bonnell and Dominique Rencurel, partners at 360 Capital Partners stated: ‘‘This fundraise confirms the vision we had for Navya since our initial investment in early 2014. Navya is currently one of the very few companies in the world to commercialize driverless cars. The funds will allow the company to pursue its investments in Research & Development to stay ahead in the field of autonomous vehicles and expand internationally.’’
As part of the deal, Navya has also signed several strategic agreements, to gain access to new technology and to increase Navya Arma shuttles’ deployment capabilities ahead of a global rollout. Partnership agreements include:
• A collaboration agreement with the Valeo Group to integrate their technology in the manufacturing of autonomous shuttles as well as optimizing sensor data treatment, an essential element of smart mobility
• A partnership agreement with the Keolis group enabling Navya to better meet driverless fleet management requests from cities, as is the case with the Navly service in Lyon Confluence, operational since the beginning of September 2016.
• A distribution agreement with Group8 to roll out Navya in the Middle Eastern and African markets, including a sales joint-venture and the establishment of a product assembly line in the Gulf region, to meet regional market needs.
‘‘To secure a sustainable growth in an increasingly competitive context, we have chosen a partnership strategy that allows us, on the one hand, to optimize costs with the offers of one of the largest automotive suppliers to stay competitive, and on the other hand to ensure most effectively the international deployment of our autonomous mobility solution, Navya Arma.”explains Christophe SAPET from Navya.
“Achieving faster critical volumes will reduce investments from cities and companies who wish to equip themselves with intelligent and autonomous mobility solutions and thus accelerate the growth of our company.‘‘
Robolution Capital recently joined forces with 360 Capital Partners to boost its investment activities across Europe.