France's Navya raises 34M for its self-driving shuttle bus, reportedly at a 220M valuation

When it comes to self-driving cars, the public tends to focus on developments for private vehicles for individuals, but there are also some significant advances underway in other categories such as shuttle busses. In the latest piece of news, Navya, a startup out of France that makes driverless shuttles, has raised 34 million ( 30 million) in funding to build out its team, technology and sales. The funding is coming from two strategic backers, public transportation provider Keolis and automotive parts group Valeo, along with Qatari investors Group8. Navya is not disclosing its valuation but one report from Funderbeam estimates it at 222 million after this round. Navya prior to this round had raised 4.5 million ( 4.1 million) from French investors Gravitation, CapDecisif, and Robolution Capital (an investment fund focused only on robotics investments).