Balyo

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.

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

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

• Autonomous forklifts
• Warehouse robotics
• Automated guided vehicles
• Logistics automation
• Material handling robots

Headquarters

HQ city

Ivry-sur-seine

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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).
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core 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

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• OustercoreTechnology or Integration · 10 April 2026Partnership 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 GroupflagshipChannel Partner/ Reseller/ Distributor · 1 January 2016Strategic 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 HandlingflagshipChannel Partner/ Reseller/ Distributor · 1 January 2015Strategic 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

Direct 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

• Fetch Robotics (Zebra Technologies):

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCcHSTrrtLxIMl3t_noy5KMA
• LinkedInlinkedin.com/company/balyo
• Xx.com/balyo_corporate

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors7 records

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 Balyo