Navya : Agreement for private placement of € 20m with Korean player ESMO: cash-driven and strategic rationale
>Framework agreement: bond issue of € 20m and commercial/industrial partnership - On Friday, Navya announced that it had signed a framework agreement for a private placement in the form of convertible bonds fully subscribed to by listed South Korean player ESMO Corporation (073070:KS). The transaction's amount came to € 20m and ESMO is expected to join the Navya supervisory board. This new financing should allow Navya to pursue its business confidently over the next f...Navya SAS is a France-based company specialized in the conception of electric autonomous systems. The Company manufactures autonomous vehicles. The Group offers two vehicles: the Autonom Shuttle, an autonomous, driverless and electric vehicle that is capable of transporting over 14 people, which serves cities and private sites. The technical design of the Autonom Shuttle allows the shuttle to understand the surroundings in which it is located, detect obstacles and anticipate movement, and the Autonom Cab, which is a self-driving taxi, which is capable to carry one to six passengers. Users can order Autonom Cab, open and close the vehicle's door, start its motor, obtain tourist information or finishing ordering tickets for a show through a smartphone application. In addition, the Group provides a number of services to its customers, including the control of data, software updates and the maintenance of its autonomous vehicles. Apart from France, Navya also operates in the United State.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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