French driverless electric vehicle startup Navya has sacked its founder CEO Christophe Sapet after massive revenue deficit. Besides, four board members including the representative of investors Valeo and Keolis have also resigned. The company is going through this squall within six months of being listed in Paris Stock Exchange.
Navya – the pioneer in smart mobility solutions
It has been the foremost company in France offering autonomous mobility solutions. Adopting artificial intelligence and cutting-edge digital technologies, Navya designs, manufactures and markets a range of autonomous electric vehicles. In September 2018, the startup marketed more than 100 ‘Autonom Shuttle’– a company flagship model in 20 countries including the United States, France, Germany, Switzerland, Japan and Australia. Further, another product ‘Autonom Cab’- a robot taxi is ready to hit the floor.