Balyo
Balyo designs autonomous forklifts (AGV/AMR) using proprietary SLAM/LiDAR navigation for warehouse and manufacturing automation. It serves 3PL, manufacturing, FMCG, and e-commerce customers globally through Linde and Hyster-Yale OEM distribution partnerships.
- Company typePrivate
- Founded2005
- HeadquartersIvry-sur-seine, France
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Balyo does
Balyo is a French robotics company founded in 2005 that designs, develops, and markets autonomous forklifts and guided vehicles (AGV/AMR) for warehouse and manufacturing automation. Its core offering is a proprietary Geo-guidance navigation system built on SLAM (Simultaneous Localization and Mapping) combined with LiDAR sensors and 3D cameras, enabling infrastructure-free deployment that does not require reflectors, tape, or wires. The product portfolio comprises five autonomous vehicles built on OEM chassis—VEENY (VNA turret truck, 17m lift), REACHY (reach truck, 11m lift), LOWY (stacker, 3m lift), LOWY CB (counterbalanced stacker, 4m lift), and TUGGY (tugger, 7000kg capacity)—centrally managed through the Robot Manager fleet software. The company states 2,000+ robotic forklifts deployed globally, generating over $200M in cumulative customer cost savings, with safety systems rated PL-d and certified to ANSI/ITSDF B56.5-2019 and EU Directive 2006/42/EC.
Balyo's revenue model combines hardware sales of autonomous forklifts, licensing of its navigation software stack, and professional services (simulation, installation, maintenance). Distribution runs primarily through strategic OEM partnerships with Linde Material Handling (European market, since 2015) and Hyster-Yale Group (Americas market, since 2016)—both partners are shareholders and board members of Balyo and together cover approximately 70% of the global material handling market. Direct enterprise sales are run from regional offices in France (EMEA HQ), Woburn, Massachusetts (Americas HQ), and Singapore (APAC). Customer segments span 3PL operators, manufacturing, FMCG, food and beverage, e-commerce, and automotive; named reference customers include Massily, Lenze, and Daiso. Pricing is quote-based on multi-year contracts, with reported customer ROI of 13 to 36 months.
In 2025, Balyo reported revenue of €31.4 million (+8% year-over-year), but with significant regional divergence: US revenue grew 41% to represent 69% of total, while EMEA revenue declined 37%. The company is loss-making, with a 2025 operating loss of €12.15 million driven by R&D (+23%) and Sales & Marketing (+45%) investments, and held only €1.3 million in cash as of December 31, 2025. After listing on Euronext Paris in 2017, Balyo was taken private through SoftBank Group's acquisition of a 41.8% stake in June 2023 (€11.8M), a controlling 91.28% stake by November 2024, and a December 2025 AMF-filed squeeze-out at €0.60 per share, with SoftBank also providing a €12M shareholder loan facility.
Balyo firmographics
Firmographics- Name
- Balyo
- Legal name
- BALYO SA
- Website
- https://balyo.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Balyo designs autonomous forklifts (AGV/AMR) using proprietary SLAM/LiDAR navigation for warehouse and manufacturing automation. It serves 3PL, manufacturing, FMCG, and e-commerce customers globally through Linde and Hyster-Yale OEM distribution partnerships.
- Ownership category
- akta.pro rank
Balyo industry classification
Industry- Product category
- Warehouse Robotics & Autonomous Forklifts
- NAICS
- Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)
- SIC
- Industrial Trucks, Tractors, Trailors & Stackers (3537), Construction, Mining & Materials Handling Machinery & Equip (3530)
- akta.pro primary industry
- Automated Guided Vehicles (AGVs) & Autonomous Mobile Robots (AMRs) (IMAHABAB)
- akta.pro secondary industries
- Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA), Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD)
Keywords
Where Balyo is headquartered
LocationHeadquarters
- HQ city
- Ivry-sur-seine
- HQ country
- France
- HQ region
- Europe
Offices4 records
Markets served
Balyo business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Autonomous Forklift Sales: Sale of autonomous AGV forklifts built on OEM chassis including VNA turret trucks (VEENY), reach trucks (REACHY), stackers (LOWY), counterbalanced stackers (LOWY CB), and tuggers (TUGGY).
- Software and Navigation Technology: Proprietary software and geo-guidance navigation technology licensing. Movebox and components manufactured by third-party suppliers and integrated to robots by Balyo.
- Services and Maintenance: Partner network provides spare parts and maintenance services. Simulation services (1-15 man days depending on complexity), project engineering, and field installation services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Autonomous VNA Turret Truck (VEENY) |
| Other | Multi-year contract | Autonomous Reach Truck (REACHY) |
| Other | Multi-year contract | Autonomous Stacker (LOWY) |
| Other | Multi-year contract | Autonomous Tugger (TUGGY) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Balyo product offering
Product offeringCore offering
Balyo designs, develops, and markets autonomous forklifts and automated guided vehicles (AGV) for warehouse, manufacturing, and logistics operations. The company transforms standard forklifts into autonomous robotic vehicles using its proprietary Geo-guidance navigation technology and sells its solutions through OEM partnerships with Linde Material Handling and Hyster-Yale Group.
Product overview
Balyo is a robotics company specializing in autonomous forklifts and guided vehicles (AGV-AMR) for warehouse and manufacturing automation. The product portfolio consists of five core autonomous forklift products built on trusted OEM chassis: VEENY (autonomous turret truck for high bay VNA storage up to 17m), REACHY (reach truck for 11m lift operations), LOWY (stacker for block stacking), LOWY CB (counterbalanced stacker for facilities without racking), and TUGGY (tugger for trailer transport). These are powered by Balyo's proprietary Geo-guidance navigation system using SLAM and LiDAR technology, managed through the Robot Manager software platform. The system includes advanced safety features (PL-d rated), 3D rack detection for high storage, and dual-mode operation capability. Balyo operates globally with offices in Americas (Boston), APAC (Singapore), and EMEA (France Ivry Sur Seine), and has strategic partnerships with Linde Material Handling and Hyster-Yale Group.
Differentiator
Problem solved
Functional benefit
Brands
- VEENY: Autonomous Turret Truck for high bay storage with 17m lift height
- REACHY
- LOWY
- LOWY CB
- TUGGY
Products and services
- VEENY (Autonomous Turret Truck / VNA) The VEENY is an autonomous turret truck (very narrow aisle vehicle) designed for high-density warehouse storage operations, enabling automated pallet handling in narrow aisles.
- REACHY (Autonomous Reach Truck) The REACHY is an autonomous reach truck designed for high-bay warehouse storage and retrieval operations, with capabilities to handle pallet handling in racked environments.
- LOWY (Autonomous Stacker) The LOWY is an autonomous stacker designed for pallet transport, stacking, and ground-level-to-low-elevation material handling in warehouses and distribution centers.
- LOWY CB (Autonomous Counterbalanced Stacker) The LOWY CB is an autonomous counterbalanced stacker designed for pallet handling without the need for racking, suitable for loading/unloading and general material transport.
- TUGGY (Autonomous Tugger) The TUGGY is an autonomous tugger designed for towing carts and trailers, enabling automated movement of multiple payloads across warehouse and manufacturing environments.
- Robot Manager Robot Manager is Balyo's proprietary fleet management software platform that orchestrates, coordinates, and optimizes the operations of autonomous vehicle fleets in customer sites.
- Robot-as-a-Service (RaaS) Robot-as-a-Service is Balyo's subscription-based offering that allows customers to deploy autonomous forklifts through multi-year service contracts, reducing upfront capital expenditure.
Quantifiable outcome
- 50% faster production line feeding and replenishment
- +6 more outcomes
Companies that use Balyo
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles3 records
Balyo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability5 records
Feature7 records
Balyo partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- OustercorePartnership for LiDAR sensor technology integration to enhance warehouse safety and efficiency. Ouster provides sensor technology that enables Balyo's AGVs to safely operate alongside humans through advanced perception sensors.
- Hyster-Yale GroupflagshipStrategic partnership established in 2016 to develop a second robot series adapted for the North American market while remaining available in Europe. Hyster-Yale is both a shareholder and board member of BALYO. The partnership enables market expansion in the Americas using Hyster-Yale's established dealer network and brand presence.
- Linde Material HandlingflagshipStrategic partnership signed in 2015 with Linde Material Handling, the European leader in material handling. Linde develops and sells Balyo's unique range of autonomous lift trucks. In France, Linde operates as Fenwick. Linde is both a shareholder and board member of BALYO. The partnership covers European markets and enables Balyo to leverage Linde's extensive dealer network and manufacturing capabilities.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Balyo competitors and assessment
Company assessmentDirect peers
- AutoStore: Norwegian cube-based warehouse storage automation vendor that competes for the same enterprise warehouse automation budgets as Balyo, particularly in high-density storage applications where Balyo's VNA turret trucks also operate.
- Symbotic: US-listed warehouse automation provider using mobile robots and AI for pallet handling and storage; competes with Balyo for large enterprise 3PL, retail, and FMCG warehouse automation contracts with similar end customers.
- Seegrid: US-based vendor of vision-guided autonomous vehicles for pallet movement in manufacturing and warehousing; direct competitor in the autonomous forklift/tugger category with overlapping enterprise customers.
- Mobile Industrial Robots (MiR): Denmark-based autonomous mobile robot vendor serving manufacturing and warehouse logistics with a comparable product portfolio of mobile robots for pallet transport and material handling.
- OTTO Motors (Clearpath Robotics): Manufacturer of autonomous mobile robots for industrial material handling in manufacturing and warehouse environments; directly comparable product offering to Balyo's tugger and stacker portfolio.
- Geek+: Chinese-headquartered global AMR and warehouse robotics vendor offering mobile robots for picking, moving, and storage - directly competes with Balyo in autonomous forklift and material handling categories for enterprise warehouses.
- Locus Robotics: Provider of autonomous mobile robots for warehouse order picking and material transport; competes with Balyo in the same warehouse automation buyer conversations, especially in 3PL and e-commerce verticals.
Peers
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Balyo social profiles
Digital presenceBalyo compliance and trust
Trust signalCompliance3 records
Balyo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Balyo leadership team
Management profileNumber of profiles
Profiles9 records
Balyo funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Balyo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Balyo
What does Balyo do?
Balyo designs, develops, and markets autonomous forklifts and automated guided vehicles (AGV) for warehouse, manufacturing, and logistics operations. The company transforms standard forklifts into autonomous robotic vehicles using its proprietary Geo-guidance navigation technology and sells its solutions through OEM partnerships with Linde Material Handling and Hyster-Yale Group.
Is Balyo a public or private company?
Balyo is a private company. It is classified as corporate owned and is currently operating.
When was Balyo founded?
Balyo was founded in 2005. It employs 51 to 100 people.
Where is Balyo based?
Balyo is headquartered in Ivry-sur-seine, France, in the Europe region.
How does Balyo make money?
Three revenue lines are on record. Autonomous Forklift Sales are the primary driver. The others are software and Navigation Technology and services and Maintenance.
Who are Balyo's main competitors?
Direct peers on record are AutoStore, Symbotic, Seegrid, Mobile Industrial Robots (MiR), OTTO Motors (Clearpath Robotics), Geek+ and Locus Robotics. Fetch Robotics (Zebra Technologies) is listed as a peer.
Does Balyo have an API?
No public API is recorded for Balyo.
What industry is Balyo in?
Balyo's product category is Warehouse Robotics & Autonomous Forklifts. Its primary akta.pro industry code is IMAHABAB, Automated Guided Vehicles (AGVs) & Autonomous Mobile Robots (AMRs), with a secondary code of IMAHABAA, Forklifts & Industrial Trucks (IC & Electric). Its NAICS code is 333924 and its SIC code is 3537.