VILLEURBANNE, France, May 23, 2022--(BUSINESS WIRE)--Regulatory News:
NAVYA (Paris:NAVYA) (FR0013018041- Navya), an autonomous mobility systems leader, has been included in the listing of the Innovation Radar Platform on the basis of its innovations in the field of autonomous mobility.
The Innovation Radar is a European Commission initiative, financed by the European Union, which aims to identify high potential innovations developed by top European researchers and innovators.
The panel of experts of the Innovation Radar Platform analyzed NAVYA's technology for on demand, autonomous public transportation vehicles, which the company and its partners are already experimenting within the framework of the EU funded AVENUE project and classified it as Tech Ready. Tech Ready is the third out of four levels of maturity, meaning that the innovation is considered sufficiently advanced to be launched on the market as a product and is aligned with three indicators:
capability of the management team to transform the technology into a marketable product or service;
capacity of the technology to fulfill the expectations of the sector and serve a potential client base.
The potential of NAVYA's technology to create a market was also appraised and considered noteworthy.
The evaluation was carried out within the framework of the EU-funded AVENUE project, which was launched in 2018 for a period of four years with the objective of speeding up the development of transportation by autonomous vehicles across the cities of Europe. It brings together 20 partners, including NAVYA, the project's sole supplier of self-driving shuttles.
Within the project, ten NAVYA shuttles underwent trials in four European cities: Lyon, Luxembourg, Geneva and Copenhagen.
"The recognition accorded by the independent experts on the Innovation Radar Platform proves that our technology has reached maturity, as demonstrated by specific use case trials that offer ever more technology, connectivity and services to passengers. It also establishes the overall success of the AVENUE project in providing new types of public transportation which enhances users' mobility and experience. Over the four years of our trials we were able to fine tune the performance and reliability of our technology with the help of our AVENUE partners with whom we share the same conviction: that autonomous vehicles are the next big thing in urban, peri-urban and rural transportation. We are proud to have convinced all together users, local authorities, both on the national and international level, and also the experts that represent the European Union" comments Sophie Desormière, CEO of NAVYA.
The AVENUE project is an EU-funded research and innovation project under Horizon 2020 (grant agreement No. 769033).
For more information visit the AVENUE project on the Horizon 2020 website: https://h2020-avenue.eu
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). Further details : www.navya.tech
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