Self-driving shuttle maker Navya gets new chairman
Étienne Hermite will become the new head of French self-driving and electric shuttle manufacturer Navya. The 42-year-old Hermite will put the company back on the rails after the surveillance board ousted founder and chairman of the board, Christophe Stapet, and Navya lost 72% of its value in December.
Two months after the surprise eviction of founder and chairman of the board, Christophe Stapet, Navya has found its new pilot. Étienne Hermite will take the lead as of March 18th.
Specialized in mobility
At 42 years old, the HEC graduate specialized himself in mobility after having worked in Business Development and Strategy. Mr Hermite oversaw the launch of free-floating car sharing company Zipcar in France, Belgium and Austria. In 2017, he operated the launch of Chinese free-floating bicycle sharing company, Mobike, in France.
“I’m honoured and happy to join Navya. With a strong position across the entire chain of mobility solutions, it stands out with its technological lead in a rapidly changing market”, declared the soon-to-be chairman of the board.
Navya develops and commercializes self-driving shuttles, capable of transporting up to 15 people at speeds of 25 to 40 kph. The Lyon-based manufacturer’s shuttles are currently driving by themselves in Belgium, at the foot of the Lion of Waterloo and in the Caves of Han.
Despite its revolutionary technology, Navya isn’t in the best of shapes. Last July, the start-up failed its initial public offering. It only managed to get 37,6 million euro out of the 50 million euro needed to pursue the self-driving technology development. In December, following the founder’s eviction, the company reviews its yearly previsions and its value dropped by 72%.