Diligence report · sample
Exotec SAS
At a glance
Warehouse robotics for high-throughput AS/RS fulfillment
Exotec designs and manufactures the Skypod system, a three-dimensional robotic goods-to-person warehouse automation platform used for picking, buffering, and storage in logistics and fulfillment operations. The company was founded in France in 2015 and is headquartered in Lille; its systems are deployed for warehouse automation customers across Europe, North America, and Asia.
What the record shows
- All 6 named customers tied to a robot are on Skypod (launched 2017).
- The last valuation on file is 4 years old.
Capital history with sources
US$425M across 2 confirmed rounds
| Month | Round | Amount | Lead | Investors | Source | Correct |
|---|---|---|---|---|---|---|
| Jan 2022 | Series D | US$335M | Goldman Sachs' Growth Equity business | Goldman Sachs' Growth Equity business, 83North, Dell Technologies Capital, Breega, Bpifrance, Iris Capital | source ↗ | Correct this round |
| Sep 2020 | Funding round | US$90.0M | 83North | 83North, Dell Technologies Capital, Iris Capital, Breega | source ↗ | Correct this round |
Valued at US$2.0B (Jan 2022) · source ↗
Valuation dated Jan 2022, 4 years before this report.
Last confirmed round: Jan 2022, 57 months before this report.
Returned in a later round: Dell Technologies Capital, 83North, Iris Capital, Breega.
Named customers on record with source
| Customer | Robot | Country | Units | Provenance | Source |
|---|---|---|---|---|---|
| Ariat | Skypod | — | — | verified | source ↗ |
| Auchan Luxembourg | Skypod | — | — | verified | source ↗ |
| bioMérieux | Skypod | — | — | verified | source ↗ |
| E.Leclerc | Skypod | — | — | verified | source ↗ |
| Lane Automotive | Skypod | United States | — | verified | source ↗ |
| Renault Group | Skypod | — | — | verified | source ↗ |
Named with a source, without a record of which robot they use.
None on file.
These customers have no deployment record that ties them to a specific robot. A year appears only where a source gives one.
| Name | Year | Source |
|---|---|---|
| Uniqlo | — | cited ↗ |
Raised vs shipped, with category peers
Exotec SAS has raised US$425M across 2 recorded rounds, last valued at US$2.0B (Jan 2022) and has 6 deployments on record, all from the maker.
US$70.8M of confirmed capital per named customer on record (6 named customers). Peers: Mujin —, Locus Robotics US$450M (1 named customer), Shenzhen Hairou Innovation Technology —.
| Company | Confirmed capital | Named customers |
|---|---|---|
| Mujin | US$442M | — |
| Locus Robotics | US$450M | 1 |
| Shenzhen Hairou Innovation Technology | US$300M | — |
Named customers counts only customers tied to a specific robot by a deployment record.
Listed comparables
Public companies in the same market, for scale. Each multiple uses the company's latest full-year revenue and its market value on the date shown. Robolist does not estimate what Exotec SAS is worth.
| Company | Listing | Revenue (period) | Market value (date) | P/S | EV/Sales | P/E |
|---|---|---|---|---|---|---|
| Symbotic Inc. | NASDAQ · SYM | US$2,247M (FY2025, fiscal year ended 27 Sep 2025) | US$26,290M (25 Sep 2026) | 11.7× | 10.9× | n/m |
| Ocado Group plc | London Stock Exchange · OCDO | £1,382M (FY2025, 52 weeks ended 30 Nov 2025, statutory revenue from continuing operations) | £1,971M (25 Sep 2026) | 1.4× | 2.2× | n/m |
| Beijing Geekplus Technology Co., Ltd. (Geek+) | HKEX (Main Board) · 2590 | RMB 3,171M (FY2025, year ended 31 Dec 2025) | HK$9,780M (28 Sep 2026) | 2.6× | 1.8× | n/m |
| AutoStore Holdings Ltd. | Oslo Børs · AUTO | US$539M (FY2025, year ended 31 Dec 2025) | US$5,567M (25 Sep 2026) | 10.3× | 10.5× | 68.1× |
Market value converted to RMB at 0.856 per HK$ (rate of 26 Sep 2026). Market value converted from NOK at 9.51 per US$ on 25 Sep 2026.
Median P/S 6.5× (range 1.4–11.7×) · median EV/Sales 6.3× (range 1.8–10.9×). Figures compiled 28 Sep 2026 from company filings and market data.
Products on record
| # | Category | Key specs | ||||
|---|---|---|---|---|---|---|
| 1 | ![]() | Skypod | Warehouse AMR | Payload 30 kg·Top speed 4 m/s | 2017 | 74.5 |
| 2 | ![]() | Next Generation of Skypod System | Warehouse AMR | Not yet on file | 2025 | 54.9 |
RoboScore and what it measures
RoboScore
RoboIndex 76.0 = RoboScore 71.5 + News 4.5 · Very strong evidence
5 of 6 factors on file. How it's calculated
Standing of each robot in its category
Rank history starts 3 Aug 2026; earlier ranks were not recorded.
Investors and their portfolio evidence
Milestones, press and loss record
Milestones
Exotec announced the commercial launch of the Next Generation of Skypod system.
Press coverage
Safety reports
Consumer product alerts from this country reach the EU Safety Gate, which we read. Industrial, workplace and medical incidents never enter it, so a blank record says nothing about those.
What we could not find
- When each deployment actually happened: the public record carries when a source named it, not the date it went live.
- Unit counts: not on record for 6 of the 6 named deployments.
- 1 cited customer not yet tied to a specific robot.
- Not on our record, and not estimated here: revenue, gross margin, burn rate and runway, the cap table, customer concentration, installed base and headcount trend. Private companies rarely publish these.
Method
- Capital: each round is read from its own public announcement.
- Named customers: a public source names both the customer and the robot. Verified means the maker is the source; reported means a public source that is not the maker. A unit count is shown only when it was checked against that source.
- Maker-declared deployments: the company itself reports a sector, country and unit count without naming the customer.
- Cited customers: no deployment record ties them to a specific robot.
- Standing: each robot's rank inside its own category, from the same public leaderboard Robolist publishes, recorded from 3 Aug 2026 onward.
- Investors: read from the same round announcements as the capital section.
- Capital per named customer divides confirmed capital by named customers tied to a robot. It is arithmetic on the record, not a measure of efficiency.
- Listed comparables are compiled by hand from each company's filings and market data on the date shown, and refreshed quarterly.
- Peers are the companies whose robots sit mostly in the same category, ordered by how close their confirmed capital is.
Prepared from Robolist's public record on October 21, 2026. Figures link to their sources where the record has one.
Priced on enquiry. Delivered as a PDF, with sources linked.

