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    Reference: 20170555
    Release date: 3 June 2019

    Promoter – Financial Intermediary

    NAVYA SA

    Location

    Description

    The project concerns Navya's investment programme for the further development and industrialisation of autonomous vehicles and related technologies. All investments will be incurred in France, and they include: (i) research and development (R&D) activities for the continuous development of autonomous driving technologies, autonomous vehicles and support software; (ii) Capital expenditures for development activities, production activities, building infrastructure, offices and equipment related to Information and Communication Technologies (ICT); and (iii) the permanent increase of indirect costs and working capital to support the growth of the company and its market expansion.

    Objectives

    In 2015 the company sold its first prototypes and since 2016 the industrialised production has started. The purpose of Navya's investment is to support the further development and successive industrialisation and manufacturing of its advanced autonomous driving vehicle technology and support the company's growth and expansion.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 81 million

    Environmental aspects

    The main part of the project activities concern Research, Development and Innovation (RDI) expenditures that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending the EIA Directive 2011/92/EU. A smaller part of the project however concerns manufacturing related expenditures that could fall under Annex II of the EIA directive. The Bank's Services will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    Status

    Signed - 8/08/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Industry