The Raymond Corporation

What The Raymond Corporation does

The Raymond Corporation, founded in 1922 and headquartered in Greene, New York, designs, manufactures, and services electric forklift trucks and intralogistics solutions for warehouse, distribution, manufacturing, cold storage, and narrow-aisle operations across North America. Core products span reach trucks, counterbalanced trucks (sit-down and stand-up), swing-reach turret trucks, orderpickers, electric pallet jacks, sideloaders, tow tractors, stackers, and automated guided vehicles, supported by an iWAREHOUSE optimization suite that includes telematics fleet management, ultrawideband real-time location (RTLS), object and proximity detection systems, and an industry-first integrated safety tether system.

Underlying technology combines proprietary vehicle control (ACR drive and lift system, Performance Stability System, ComfortStance operator suspension), integrated lithium-ion energy storage sourced via Electrovaya, and an automation roadmap built on a multi-year partnership with Third Wave Automation (backed by Toyota Ventures and Woven Capital) that targets shared autonomy with one operator supervising multiple remote forklifts. The company holds ISO 9001:2015 and ISO 14001:2015 certifications, multiple registered trademarks (RAYMOND, iWAREHOUSE, Swing-Reach, ObjectSense, ComfortStance, Performance Stability System), and patents covering its core truck platforms and iW.RTLS technology.

The business model is primarily enterprise hardware sales of capital equipment, complemented by managed-service revenue streams (leasing, rentals, financing), professional services (operator, technician, pedestrian, and virtual-reality-simulator training), and recurring parts and service via a direct-plus-dealer distribution network of over 100 Solutions and Support Centers across North America. Since April 1, 2026, Raymond operates as a brand under Toyota Material Handling North America following its merger with Toyota Material Handling; together they account for roughly one-third of forklifts sold in North America. Manufacturing is performed at facilities in Greene, New York (Class I and II trucks, very narrow aisle trucks, orderpickers) and Muscatine, Iowa (Class III trucks and pallet solutions).

Name

The Raymond Corporation

Legal name

The Raymond Corporation

Website

https://raymondcorp.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Founded in 1922 and headquartered in Greene, New York, The Raymond Corporation designs and manufactures electric forklifts, automated guided vehicles, and iWAREHOUSE telematics for warehouse, distribution, manufacturing, and cold-storage operators across North America, distributed through 100+ Solutions and Support Centers.

Ownership category

akta.pro rank

Product category

Material Handling Equipment

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), All Other Industrial Machinery Manufacturing (333248), Commercial and Service Industry Machinery Manufacturing (3333)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA)

akta.pro secondary industry

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD)

Keywords

• Electric forklifts
• Material handling equipment
• Warehouse automation
• Intralogistics solutions
• Lithium-ion lift trucks

Headquarters

HQ city

Greene

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Electric Forklift Trucks: Sale of electric forklift trucks including reach trucks, counterbalanced trucks, swing-reach trucks, orderpickers, pallet jacks, stackers, tow tractors, and automated guided vehicles
2. Energy Solutions: Lithium-ion batteries and Advanced Charging Technologies (ACT) chargers for material handling equipment
3. Parts and Service: Replacement parts, maintenance services, and equipment warranty through iParts online portal and Solutions and Support Centers
4. Financing Solutions: Leasing and rental programs for forklift equipment
5. Training Services: Operator training, technician training, pedestrian training, and virtual reality simulator training programs

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

The Raymond Corporation designs and manufactures electric forklift trucks and integrated intralogistics solutions for warehouse, distribution, manufacturing, and cold storage operations. Offerings span lift truck hardware (reach trucks, counterbalanced trucks, swing-reach trucks, orderpickers, pallet jacks, stackers, sideloaders, tow tractors, hand pallet jacks), automated guided vehicles, the iWAREHOUSE telematics and operator-assist suite, lithium-ion batteries and chargers, and aftermarket services (parts, maintenance, financing, training).

Product overview

The Raymond Corporation offers a comprehensive intralogistics solutions platform encompassing electric forklifts, automation technologies, and intelligent warehouse management systems. The product portfolio includes multiple forklift categories (Reach Trucks, Electric Pallet Jacks, Counterbalanced Trucks, Swing-Reach Trucks, Orderpickers, Sideloaders, Tow Tractors, Stackers, Hand Pallet Jacks, and Automated Guided Vehicles) under the Raymond brand. Key automation products include the Automated Swing-Reach Truck (AutoSwing) with LiDAR navigation and the upcoming Raymond Courier Automated Tow Tractor. The iWAREHOUSE suite provides integrated intelligence through telematics (RTLS, ObjectSense, FieldSense, and Integrated Tether) for fleet management, operator safety, and operational efficiency. Energy solutions include lithium-ion batteries and Advanced Charging Technologies. The company operates as a brand of Toyota Material Handling North America, with manufacturing facilities in Greene, New York and Muscatine, Iowa.

Differentiator

Problem solved

Functional benefit

Brands

• iWAREHOUSE: Intelligent warehouse solutions suite combining telematics, automation, and labor management tools for fleet optimization and operational efficiency.
• Raymond Courier
• Radioshuttle

Products and services

• Raymond 4260 Stand-up Counterbalanced Truck Electric stand-up counterbalanced forklift with 3,000–5,000 lb capacity, integrated intelligence, operator-assist technologies, and lithium-ion-ready options for warehouse and distribution operators.
• Raymond 4800 Sit-Down Electric Counterbalanced Truck Outdoor electric counterbalanced forklift with 4,000–7,000 lb capacity, 80V battery, zero emissions, all-weather protection, and programmable performance settings for industrial and outdoor material handling.
• Raymond 7530 High Capacity Reach-Fork Truck Narrow aisle reach forklift offering the highest lift heights, heaviest capacities, and fastest cycle times with 4,500 lb capacity, maximum elevated height of 542 inches, and independently tested 15% faster cycle times than competitive trucks for very narrow aisle warehouse operations.
• Raymond 5000 Series Orderpickers Complete line of orderpickers including High Capacity model available with 36V lead-acid or lithium-ion batteries; #1 selling order picker platform in the U.S. for over a decade and 4X industry award winner.
• Raymond 6310 Walkie Straddle Stacker Walkie straddle stacker with 24-volt power, 2,200–4,000 lb capacity, and 189-inch maximum lift height, designed for retail, warehousing, and manufacturing applications.
• Raymond Automated Swing-Reach Truck (AutoSwing) Automated turret truck (3960/3970 models) providing fully automated high-level pallet handling with 24/7 capability, 3,000 lb capacity, elevated heights up to 394–514 inches, and multi-mode navigation including wire guidance and LiDAR.
• Raymond Courier Automated Tow Tractor and Stacker Next-generation automated guided vehicles (AGVs) operating independently for towing high-capacity carts, conveyor exchanges, and staging operations with improved reliability, consistency, and efficiency.
• iWAREHOUSE Telematics Fleet management and telematics solution providing real-time operational insights, vehicle and operator data collection, and fleet management capabilities for Raymond lift trucks as the integrated intelligence layer across the truck, battery, and operator.
• iWAREHOUSE Real-Time Location System (RTLS) Patented ultrawideband (UWB) real-time location system determining positions of lift trucks and pedestrians accurate to approximately 3 feet, supporting geofencing and zone-based speed control or stop functionality.
• iWAREHOUSE ObjectSense Detection and Notification System Object detection system providing audible and visual notifications of obstacles in the truck's travel path with slowdown or stop functionality based on application needs and environment.
• iWAREHOUSE FieldSense Proximity Notification System Proximity notification system alerting pedestrians and lift truck operators when they come within predefined distances of properly equipped lift trucks and pedestrians.
• iWAREHOUSE Integrated Tether System Industry's first wireless integrated tether solution with truck slow-down functionality and reporting that limits truck operation if a proper tether connection is not detected between the operator's harness and the truck.
• Raymond Lithium-Ion Batteries Lithium-ion batteries designed to integrate into Raymond lift trucks with wireless communication and remote diagnostics for advanced energy data insights.
• Radioshuttle Storage and Retrieval System Semi-automated high-density storage system enabling maximum use of warehouse space while maintaining selectivity between all levels and increasing operational efficiency.
• Automated Storage and Retrieval Systems Integrated automation solutions for optimizing supply chain, warehousing, and material handling operations.
• Conveyor Systems and Carousels Automated conveyor sorting systems moving and sorting individual products or complete pallets without employee oversight.
• Energy Solutions (Advanced Charging Technologies) Complete energy management offering including Raymond lithium-ion batteries and Advanced Charging Technologies (ACT) chargers for lift trucks.
• Virtual Reality Simulator (Training) Training tool featuring 250+ lessons covering the largest range of trucks in the industry, supporting buck or truck training with seamless switching between both.
• Financing Solutions (Leasing and Rentals) Financial services including leasing and rental options for Raymond lift truck equipment.
• Raymond Basics (Entry-level Equipment Line) Entry-level electric equipment line for small operations transitioning from manual to motorized material handling.
• Operator and Technician Training Services Comprehensive training including forklift operator, pedestrian, technician, and virtual reality simulator training programs to support safety and certification compliance.
• Forklift and Equipment Maintenance Professional maintenance services for Raymond forklifts and material handling equipment performed through Solutions and Support Centers.

Quantifiable outcome

• 15% faster cycle times - 7530 reach truck demonstrated 15% faster cycle times in independent third-party testing
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• AssociatedmajorChannel Partner/ Reseller/ Distributor · 17 June 2026Associated awarded 2026 Dealer of Distinction Award by The Raymond Corporation, recognizing exceptional performance across sales, service, parts, rentals, leasing, continuous improvement, power solutions, and intralogistics. One of Raymond's top-performing Solutions and Support Centers.
• Toyota Material Handling North AmericacoreStrategic or Co-development Partner · 1 April 2026Merger effective April 1, combining Toyota Material Handling and The Raymond Corp. under Toyota Material Handling North America. The unified company continues operating Toyota and Raymond brands separately while combining corporate-level operations. Together account for roughly one-third of forklifts sold in North America.
• Syracuse UniversityminorStrategic or Co-development Partner · 4 February 2026University Research Program funding recipient. Proposal focuses on lithium-ion battery technology research to support advancements in material handling industry solutions.
• University of TorontominorStrategic or Co-development Partner · 4 February 2026University Research Program funding recipient. Proposal focuses on remote teleoperation research to support advancements in material handling industry solutions.
• Alfred UniversityminorStrategic or Co-development Partner · 21 May 2025Educational partnership hosting a three-day short course on battery machine learning for Raymond Corporation employees. Part of $160,644 NSF sub-award studying how machine learning can predict battery useful life and degradation rates, administered through NSF Energy Storage Engine in Upstate New York GROW program.
• Third Wave AutomationcoreTechnology or Integration · 1 January 2021Technology partnership for AI-enabled physical automation across Raymond's automated lift truck fleets. Builds on collaborative development since 2021. Third Wave's shared autonomy platform enables one operator to supervise up to ten forklifts remotely. Initial product lineup includes Raymond Automated Swing-Reach truck with commercial availability through Raymond's distribution network.
• ElectrovayacoreTechnology or IntegrationSupply agreement for lithium-ion batteries. Electrovaya positions its Infinity Battery Technology platform with patented ceramic separator as a safety and longevity advantage. Raymond incorporates these batteries into their electric forklift solutions.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Toyota Material Handling North America: Sister brand of Raymond following the April 2026 merger under Toyota Material Handling North America. Both sell forklifts, warehouse equipment, and material handling solutions through overlapping dealer networks in North America, now operating as a combined entity controlling roughly one-third of the North American forklift market.
• Crown Equipment Corporation: Privately held US-based forklift and material handling manufacturer with a strong electric forklift lineup (WT, TSP, RR series) and InfoLink telematics. Directly comparable to Raymond on electric counterbalanced trucks, narrow-aisle reach trucks, orderpickers, and integrated fleet management software.
• Hyster-Yale Materials Handling: Publicly traded (HY) global manufacturer of Hyster and Yale forklifts including electric counterbalance, reach trucks, and orderpickers, plus the Hyster-Yale Telematics platform. Competes head-to-head with Raymond in electric warehouse equipment and is roughly the same scale in North American material handling.
• KION Group / Linde Material Handling: German-headquartered global forklift manufacturer (Linde, STILL, Baoli brands) with major electric forklift presence in Europe and growing North American share. Directly competes with Raymond on electric counterbalance, reach trucks, and warehouse automation, with comparable telematics and energy solutions portfolios.
• Jungheinrich AG: German intralogistics company and one of the world's largest electric forklift manufacturers, with a strong narrow-aisle, reach-truck, and lithium-ion battery product line. Directly comparable to Raymond in electric warehouse trucks, automated guided vehicles, and integrated warehouse management software.
• Mitsubishi Logisnext Americas (Cat Lift Trucks): Mitsubishi Logisnext manufactures Cat, Mitsubishi, and UniCarriers forklifts in North America, offering electric counterbalance, reach, orderpickers, and AGVs. Directly competes with Raymond in the electric warehouse segment and operates comparable dealer/service networks in North America.
• Doosan Industrial Vehicle: South Korean global forklift manufacturer with a growing North American presence in electric counterbalance and warehouse equipment. Comparable product portfolio and customer overlap with Raymond, particularly in distribution-center and manufacturing accounts.

Emerging players

• Seegrid Corporation: US-based autonomous mobile robot (AMR) and vision-guided tow tractor/AGV vendor focused on manufacturing and warehouse automation. Competes with Raymond's Raymond Courier AGV and AutoSwing lines on autonomous material handling, but as a software-led specialist rather than a full-line forklift manufacturer.
• AutoStore Holdings: Norwegian cube-storage automation vendor that competes with Raymond's automated storage and retrieval (AS/RS) offerings and Radioshuttle in high-density warehouse applications. Increasingly overlaps with Raymond's automation and intralogistics footprint as customers evaluate end-to-end warehouse solutions.
• Symbotic: US-based AI-enabled warehouse robotics and automation company focused on large-scale distribution center automation for retail and grocery customers. Adjacent to Raymond's AGV and AS/RS business; competes for the same automation capex budgets at large enterprise customers, but with a software-led rather than forklift-led approach.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RaymondCorp
• YouTubeyoutube.com/user/TheRaymondCorp
• Facebookfacebook.com/TheRaymondCorporation
• LinkedInlinkedin.com/company/the-raymond-corporation
• Instagraminstagram.com/theraymondcorporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Raymond Corporation