Navya publishes its results for the first half of 2022

VILLEURBANNE, France, September 27, 2022–(COMMERCIAL WIRE)–Regulatory news:

NAVYA (FR0013018041- Navya) (Paris: NAVYA), a leader in autonomous mobility systems, today announced its results for the first half of 2022.

  • Installed base of 208 Autonomous® Ferries as of June 30, 2022, 9% more than 1H 2021

  • 10% increase in Services activity compared to H1 2021, now over 50% of H1 2022 revenue

  • Greater technological leadership: world first with remote monitoring of a fleet of autonomous shuttles without an operator on board

  • Signing of technological alliances with the main mobility players (Michelin, Valeo) and participation in the largest shuttle deployment project in Europe (Ultimo)

  • Cash position of €4.0 million at the end of June 2022

  • Evolution of the regulatory framework at a global level and acceleration of commercial dynamics in the second half of 2022 with the order of 10 additional ferries at the end of September 2022

webinar | September 27, 2022 at 18:00 CEST

Sophie Desormière, President of the Board of Directors of Navya : “ The reorientation and execution of new financial, technological, industrial and commercial strategies, with greater emphasis on customer culture and performance, allows Navya to strengthen its leadership in markets with growing demand for global solutions. We have built strong ecosystems and transitioned to package integration. Navya Drive® autonomous driving and Navya Operate® supervision on existing dollies. Thanks to our strong technology culture, our global footprint with market-leading products, and our transformation efforts, Navya is ideally positioned in the sustainable mobility value chain to seize growth opportunities and scale successfully. »

Key figures of the semi-annual accounts

Amounts in K€

June 30, 2022

June 30, 2021




Production cost



Gross margin



Research and development costs



Marketing and sales expenses



General and adminsitrative expenses



Share-based payments



Operating Income



Financial expenses



Financial products



bottom line

four hundred ninety seven


Tax expenditure

Net result



Business activity and financial results of 1Ahem semester 2022

During the first half of 2022, Navya sold 7 Autonom shuttles® Shuttle and achieved a turnover of 4.0 million euros. The expected changes in regulations at a global level led to a certain wait and see attitude on the part of Navya’s clients, which translated into a slightly lower level of activity than that registered a year earlier.

Benefiting from an installed base growing by 9%, the share of revenue generated by the Services business continues to grow, accounting for 52% of revenue for the half year compared to 41% in the first half of 2021.

As of June 30, 2022, the installed base was 208 vehicles, deployed in 25 countries, +9% more than at the end of June 2021.

In terms of operating expenses, sales and marketing expenses decreased 23%, while general and administrative expenses increased 25%. At the same time, the Company intensified its investments in R&D&i, increasing spending by 9% during the period, which demonstrates the Company’s desire to concentrate the bulk of its investments in this area in order to continue developing of your technology.

The departure of former executives in 2021 and the expansion of beneficiaries during 2022 contributed to a significant impact on share-based payments in the first half of 2022.

In total, the operating result and the net profit reached -13.7 million euros and -13.2 million euros respectively, both experiencing an increase of 2.0 million euros and 0.7 million euros compared to the first half of 2021.

Cash position of €4.0 million at the end of June 2022

As of June 30, 2022, the Company had cash of €4.0 million, compared to €19.8 million at the end of June 2021.

On July 20, 2022, an OCABSA financing agreement was signed for a maximum total nominal amount of 36 million euros with Negma Group, an investment company based in Dubai, United Arab Emirates. This financing program replaces the existing equity financing facility. Navya recalls that the financial partnership with the Negma Group aims to strengthen the Company’s financial resources and support its development cycle in the medium term, as well as its technological and commercial projects, particularly in the Middle East.

Thanks to the execution of this contract and provided that the conditions for the issuance of OCABSA, listed in the press release of July 22, 2022 and in the semi-annual financial report for 2022, are met, Navya considers that it is in a position to comply with your Upcoming Deadlines.

Highlights of the first half of 2022

Development in collaboration with VALEO a specific security system for the marketing of level 4 autonomous vehicles;
Signing of a memorandum of understanding with the Ministry of Transport and Logistics Services of the Kingdom of Saudi Arabia;
World premiere of remote fleet monitoring autonomous vehicles at the AUTONOMY PARIS fair;
Inauguration of the Autonomous Shuttle Experimentation project (ENA) in Sophia Antipolis;
References within the Innovation Radar Platform as a key player in autonomous mobility;
– Selection of Navya to deploy large-scale autonomous launchers as part of the last european project ;
– Signature of a technological alliance with Michelin and beti and launch of a first autonomous mobility experiment;
– Signature of a Memorandum of Understanding with the Ministry of Transport and Telecommunications of the Kingdom of Bahrain
– Signature of a service contract with Muses Europe for the assembly of 300 electric utility vehicles;
– Signature by Macnica of an agreement to acquire the next generation platforms by Navya.

Post-closing events

– quote from Pierre Guibert as Financial Director and member of the Board of Directors;
– Membership United Nations Global Compactthe world’s largest corporate sustainability initiative;
– Signature of a OCABSA financing agreement for a total nominal amount of 36 million euros with Negma Group, an investment company based in Dubai, in the United Arab Emirates;
– Signature of a non-exclusive distribution agreement with Electromin to accelerate the sale of Navya autonomous solutions in the Middle East
Orders of 10 Autonomous® shuttlesincluding one in Germany, eight in the United States and one in Japan.
– Signature of a Strategic alliance with the Industrial Lohr group


During the first weeks of the second half of 2022, Navya is seeing an acceleration in its commercial momentum, a consequence of global advances in regulations on autonomous vehicles. Navya intends to take advantage of this momentum to strengthen its market share in strategic countries such as Europe, the US and Japan.


Navya has established an organization focused on its strategic priorities around a close-knit Board of Directors, whose members are:

– Sophie Desormière – President of the Board of Directors of Navya
– Pierre Guibert – Chief Financial Officer
– Olivier Le Cornec – Technical Director


The consolidated financial statements and the financial report of 1Ahem semester of 2022 were approved by the Board of Directors and reviewed on September 27, 2022 by its Supervisory Board. The accounts have been subject to a limited review by the account auditors, which contains an observation regarding the maintenance of business continuity

The 2022 semi-annual financial report will be available today at:

This report includes:

  • The activity report for the first half of 2022;

  • Consolidated summary semi-annual financial statements as of June 30, 2022;

  • The report of the Statutory Auditors on the semi-annual financial information 2022;

  • The certificate of the person responsible for the semi-annual financial report.

Next financial communication: February 6, 2023, 5:45 PM – 2022 Revenue

Founded in 2014, NAVYA is a French leader specializing in the supply of autonomous mobility systems and associated services. With 280 employees in France (Paris and Lyon), the United States (Michigan) and Singapore, NAVYA aspires to be the leading player in level 4 autonomous mobility systems for passenger and freight transport. Since 2015, NAVYA has been the first company to put autonomous mobility solutions into service. The Autonom® Shuttle, the main line of development, is dedicated to passenger transport. Since its launch, more than 208 units have been sold in 25 countries as of December 31, 2021. The Tracteur Autonom® Tract is intended for freight transport. Committed to an ambitious CSR approach, the Company follows an active policy in this area, as evidenced by obtaining ISO 9001 certification in September 2021. The Valeo and Keolis groups are among NAVYA’s historical shareholders.
NAVYA is listed on the regulated market Euronext in Paris (ISIN code: FR0013018041 – Navya). For more information :

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CSR, Marketing and Communication Manager
Nathalie Marcy
+33 (0)7 63 20 00 52

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pierre guibert

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Tomas Grojean
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media relations
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