# Amazon to invest in Balyo for self-driving forklift technology

Amazon has signed a deal with French robotics firm Balyo, receiving stock warrants representing up to 29% of Balyo's capital, exercisable based on orders of Balyo's products up to EUR 300 million.

- Type: Partnership
- Announced: 2019-01-10
- Where: France
- Value: $346.0M (300.0M EUR)
- Status: announced
- Products: self-driving forklift trucks, navigation systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Amazon](https://endata.com/companies/3952.md) (investor)
- [Balyo](https://endata.com/companies/19378.md) (partner)

## Sources

- [ww.fashionnetwork.com](https://ww.fashionnetwork.com/news/Amazon-to-invest-in-french-firm-s-technology-for-self-driving-forklifts,1054621.html), 2019-01-10: "This agreement ... represents an unprecedented opportunity for Balyo to grow its business and supports the soundness of our investments over the years to perfect our robotic solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.