Amazon to invest in French firm's technology for...

Amazon has warehouse operations on a massive scale so it’s always looking to extract more efficiency out of those operations as they have a significant impact on the company’s bottom line. Thus it’s not surprising to hear that the company is investing in a company that’s developing technology for self-driving forklifts. Amazon could reportedly build up a stake of almost a third in French warehouse robotics company Balyo. Warehouse automation is not a new subject for Amazon. It already deploys robots in its warehouse to reduce costs and speed up deliveries. The robots that it currently uses are made by Kiva Systems, it acquired that company in 2012 for $775 million.Balyo Chief Executive Fabien Bardinet said that this deal with Amazon provides the company with an “unprecedented opportunity” to grow its business. The seven year deal provides Amazon with free stock warrants that represent up to 29 percent of the company’s capital. It can choose to exercise those warrant

Amazon to invest in French firm's technology for...

Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years as part of the new deal

Thu 10 Jan 19 from Daily Mail

Amazon could do away with human forklift drivers

It is no secret that Amazon makes heavy use of robots in its warehouse automation process. Short shelf-carrying bots scurry around on the floor to bring products to staff that pick items from ...

Thu 10 Jan 19 from Techspot

Amazon Invests In Self-Driving Forklift Technology

Amazon has warehouse operations on a massive scale so it’s always looking to extract more efficiency out of those operations as they have a significant impact on the company’s ...

Thu 10 Jan 19 from Ubergizmo

Amazon to invest in French firm's technology for self-driving forklifts

Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years, as part of a deal that could boost sales of the French company's technology for self-driving ...

Thu 10 Jan 19 from Reuters Technology

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