e-Novia S.p.A. lists on Euronext Growth Milan Professional Segment

Milan – 16 December 2022 – Borsa Italiana, part of the Euronext Group, today congratulates e-Novia S.p.A. on its listing on the Professional Segment of Euronext Growth Milan.

e-Novia S.p.A. has operated since 2015 in deep tech for sustainable mobility and robotics. The Group develops and brings to market innovative products and solutions that integrate electronic and mechanical technologies with artificial intelligence. 

An alumnus of TechShare, Euronext's pre-IPO educational training programme dedicated to Tech companies seeking access to capital markets, e-Novia S.p.A. represents the 22nd listing since the beginning of the year on Borsa Italiana’s market dedicated to small and medium-sized companies, and it brings the total number of firms currently listed on Euronext Growth Milan to 186.

In the placement phase, e-Novia S.p.A. raised €14.65 million by private placement prior to admission. The free float at the time of admission is 10.33% and the capitalisation is €166.9 million (including conversion of the convertible bond).

Vincenzo Russi, co-founder and CEO of e-Novia, said: “e-Novia operates in the field of sustainable mobility and robotics, bringing to the market products that integrate electronic and mechanical technologies with artificial intelligence.  Thanks to a select team of over 200 engineers, designers and experts in various sectors, the Group has created innovative solutions that generated new paradigms for the use of traditional mobility products. We have built trusted relationships with international partners, a collaborative relationship with shareholders and a loyal bond with clients of international standing, as well as a continuous flow of interactions with European research excellence. The listing today represents a decisive step for the recognition of the value built up in these years and for strengthening our visibility in a modern capital market, allowing investors access to a subject that operates in the most advanced technologies, a sector which today has a very limited offer in Italy and most of Europe. The listing will also make us more attractive for financial resources and human capital, which are the founding basis of the Group’s industrial growth.”