Jolt Capital leads a fundraising of 26 million euros in NILT

(AOF) – Navya recorded a net loss of 23.69 million euros in 2020, 27% lower than its 2019 level. The operational loss of the autonomous shuttle specialist fell by 35% to 20.40 million d ‘euros. The group sold 23 Autonom Shuttles and achieved a turnover of 10.7 million euros, down 29%. As of December 31, 2020, the installed base stood at 182 vehicles, deployed in 23 countries, an increase of 14%.

As a result of the increase in the installed base, the Services business grew half-year after half-year to stand at 3.4 million euros, representing growth of 15%. The licenses, maintenance and supervision of the shuttles deployed now constitute nearly a third of the Company’s annual turnover.

Cash consumption was halved during 2020 to reach 12.1 million, a decrease of 11.9 million compared to 2019. At the end of March 2021, the amount of the company’s available cash flow was ‘amounted to 25 million euros compared to 19 million euros at the end of 2019.

Speaking on the outlook, Etienne Hermite, Chairman of the Management Board said: “In 2021, Navya aims to prepare for the industrialization of its solutions on various platforms, thus strengthening its position as a technological leader in the field of autonomous vehicles in pre-defined first and last mile environments “.


How electricity is reconfiguring the sector

2020 will have marked a real take-off in sales. In Western Europe, the volumes of 100% electric and plug-in hybrid cars have doubled, reaching more than 1 million units. They represent 10% of the market, against 3.9% in 2019.

In mid-December, Tesla’s stock market value was higher than those of Toyota, Volkswagen, Daimler, BMW, General Motors, Ford, Fiat Chrysler, PSA and Renault combined. At $ 570 billion, Tesla’s valuation was three times that of Toyota ($ 199 billion) and six times that of Volkswagen ($ 91 billion).

Another important development: several young Chinese start-ups operating in the electric sector, which did not exist five years ago, have a high market capitalization.


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