Navya obtains €30 million in financing from Eshaq Investment

Chicago, Dec. 12 – Navya SA entered a financing agreement for a €30 million loan with Eshaq Investment Company WLL, according to a press release.

The 10-year loan will have interest at 3%, payable from the second year onwards.

There will be no penalty for prepayment.

Navya pledged the source code of its software.

Previously, in July 2022 Navya signed for a €36 million financing agreement with Dubai-based Negma Group.

Proceeds will be used for the borrower’s long-term financial capacities.

France-based Navya specializes in autonomous mobility systems and related services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.