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Navya Raises €36 Million in Convertible Bonds With Stock Acquisition Rights to Finance Its Growth and Large-Scale Industrialization

NAVYA, an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of €36 million. Negma is an investment group that is based in Dubai in the United Arab Emirates and operates worldwide. Under the terms of the agreement the financing will take the form of convertible bonds to which a warrant for Negma to purchase shares of Navya’s capital stock is attached, each share having a nominal value of €2,500 and a maturity of twelve (12) months.

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With an initial injection of €2.5 million, the funding from Negma represents an immediate improvement of Navya’s cash flow and the first step in its investment strategy, allowing it to pursue its technological roadmap, thus enabling its transition toward industrialization and speed up its entry into the markets of those regions where autonomous mobility solutions are in ever increasing demand.

With its finances on a solid footing thanks to the funding agreement, Navya will be in a position to support its development cycle in the medium term and facilitate progress on its technological and commercial projects. As a leading investment group with the aim of promoting growth and value creation, Negma will not only provide Navya with flexible financing solutions to ensure its large-scale industrialization, but will also enable it to dynamize its strategic and operational performance across its value chain.

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“This funding operation is a logical step on our strategic roadmap toward growth. Our partnership with the Negma Group will enable us to speed up the development of Navya and boost our capacity in the markets where demand is high. This first investment plan means that Navya will be able to implement its technological roadmap with confidence and will be in a position to deploy locally at scale in strategic regions like the Middle East. With its innovative and flexible funding solutions, the Negma Group is a strategic investor that provides the opportunity for high potential companies like Navya to scale up their activities. Along with the Supervisory Board, we are delighted to be able to count on such support for our growth and for building sustainable autonomous mobility, both of which will contribute to our success.”

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Sophie Desormière, CEO of Navya

“Negma’s involvement in this exciting business project bears witness to our willingness to support the profitable growth of a future world mobility leader, capable of rolling out new forms of technology to meet the challenges of the ecological transition and the fluidity problems of the cities and private spaces of tomorrow on a global scale.”

Elaf Gassam, Chairman of the Negma Group, and François Houssin, Managing Partner of the Negma Group

A detailed explanation of how convertible bonds with stock acquisition rights work is available on Navya’s website as an appendix to this press release.

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