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Navya at the end of the race?
The 280 employees of the Villeurbannaise company specializing in autonomous driving will have the answer on Tuesday, during the hearing scheduled before the Lyon commercial court.
The start-up, which had tested its driverless shuttle for several years on the Pointe de la Confluence, declared itself insolvent on Wednesday.
Unable to meet its liabilities, the start-up was unable to bail itself out by issuing shares
“given the evolution of its share price and the liquidity of the shares on the market
”.
Listed on the stock market in 2018 at 7.25 euros, Navya shares fell very quickly.
It reached 3 cents at the start of 2023. Its listing was suspended at the company's request last Wednesday.
No investor was able to come to the aid of Navya this time, which had raised more than 30 million euros last summer.
200 shuttles in 25 countries
“The objective of this judicial reorganization procedure is to assess all the solutions making it possible to perpetuate the activity, maintain jobs as well as seek investors within the framework of a reorganization plan, by way of continuation or a disposal plan
, detailed Navya.
If the Commercial Court grants the Company's request, the Company's operations will continue during the observation period”
.
Created in 2014 and often seen as a “nugget” of French technology, Navya, which counts the Valeo and Keolis groups among its “historic shareholders”, claims to have put into circulation in 25 countries more than 200 copies of its autonomous shuttle capable of transporting up to 15 passengers.
From a manufacturer of shuttles and autonomous freight tractors, Navya has reoriented its strategy to focus on the supply of autonomous driving systems to various manufacturers.
