Navya Announces the Partial Takeover of Its Activities by Gaussin and Its Delisting as a Result of Its Judicial Liquidation

NAVYA announces the decision of the Commercial Court of Lyon, by a judgment of , to adopt a disposal plan and to order, as a consequence, the judicial sale of all its tangible and intangible assets of the Courbevoie and Villeurbanne sites and of the inventories of the Vénissieux site, for a sale price of 1.4 million to Gaussin, a public limited company listed on Euronext Growth Paris through a joint venture with the Japanese group MACNICA, listed on the Tokyo Stock Exchange, which holds 51% and 49% of the share capital and voting rights respectively.

AiThority Interview Insights: AiThority Interview with at Brian Sathianathan, Co-Founder and CTO at Iterate.ai

143 French employees have been taken over out of a total of 206, as well as the subsidiaries Charlatte Autonom and Navya Systems Pte Ltd.

Navya announces that the Commercial Court of Lyon has pronounced in a judgment of the same day, the conversion of the Company’s receivership proceedings, opened by the judgment of February 1, 2023, into liquidation proceedings.

Given the opening of this judicial liquidation procedure, there will be no resumption of the listing, and Euronext will soon proceed with the delisting of Navya shares.

Read More about AiThority Interview: AiThority Interview with Thomas Kriebernegg, Managing Director & Co-Founder at App Radar

Created in 2014, NAVYA is a leading French name specialized in the supply of autonomous mobility systems and associated services. With 280 employees in France (Paris and Lyon), in the United States (Michigan) and in Singapore, NAVYA aims at becoming the leading player in Level 4 autonomous mobility systems for passenger and goods transport. Since 2015, NAVYA has been the first to market and put into service autonomous mobility solutions. The Autonom® Shuttle, main development axis, is dedicated to passenger transport. Since its launch, more than 200 units have been sold in 25 countries as of 31 December 2021. The Autonom® Tract is designed to goods transport. Engaged in an ambitious CSR approach, the Company has an active policy in this area, as illustrated by the obtaining of the ISO 9001 certification in September 2021. The Valeo and Keolis groups are among NAVYA’s historical shareholders. NAVYA is listed on the Euronext regulated market in Paris (ISIN code: FR0013018041- Navya).

 Latest AiThority Interview Insights : AiThority Interview with Joshua Wilson, Commercial Director, JAPAC at Crimtan

 [To share your insights with us, please write to sghosh@martechseries.com]