Balyo has created a system capable of making the pallet transport carts autonomous. The technology makes Balyo a major French player in the market.
It is one of the most innovative companies in its sector. Balyo has created a geolocation system that makes handling carts completely autonomous. No guidance system is required, the trucks can find their way around on their own. This innovation has made Balyo a high-profile startup on the market. Here are a few key figures to illustrate Balyo's success.
2005: year of creation of Balyo
The company was founded in Ivry-sur-Seine by Raoul Bravo and Thomas Duval, passionate about robotics and still at the head of the company today.
10M€: the amount Balyo raised in 2015
The sum is raised from the Rebolution Capital fund, the industrial group Linde Material Handling and its historical shareholders Bpifrance and Seventure Partners.
7 years contract signed between Amazon and Balyo
Under this agreement, Amazon will receive warrants representing up to 29% of Balyo's share capital. Thanks to the Paris Region company's technology, the American giant wants to accelerate its deliveries and reduce its costs. If Amazon orders up to €300 million of products incorporating Balyo's technology, the warrants will be fully exercisable.