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


  • TECH
  • Thursday, 10 Jan 2019

FILE PHOTO: A worker uses a forklift to retrieve products stored inside of a large Amazon fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2017. REUTERS/Lucas Jackson/File Photo

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 forklift trucks. 

Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world's biggest online retailer currently uses robots developed by Kiva Systems, a company it bought for US$775mil (RM3.17bil) in 2012. 

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