Skip to content

Diligence report · sample

Exotec SAS

Prepared October 21, 2026 · France

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.
HeadquartersLille, France
Founded2015 · 11 years
Primary categoryAMR (Warehouse)
Robots on record2 active
Confirmed capitalUS$425M across 2 rounds
Last roundJan 2022 · Series D · 57 months before this report
Latest valuationUS$2.0B · Jan 2022 · 4 years before this report · source ↗
RoboScore · RoboIndex71.52 · 75.98
Named customers tied to a robot6
01

Capital history with sources

US$425M across 2 confirmed rounds

Valuation, sourced and dated, or "none on file"

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.

02

Named customers on record with source

CustomerRobotCountryUnitsProvenanceSource
AriatSkypod——verifiedsource ↗
Auchan LuxembourgSkypod——verifiedsource ↗
bioMérieuxSkypod——verifiedsource ↗
E.LeclercSkypod——verifiedsource ↗
Lane AutomotiveSkypodUnited States—verifiedsource ↗
Renault GroupSkypod——verifiedsource ↗
Named customers at company level

Named with a source, without a record of which robot they use.

CustomerCountrySource
CdiscountFrancesource ↗
BlueStar—source ↗
Motor State Distributing/Lane AutomotiveUnited Statessource ↗
LyrecoFrancesource ↗
Comoto Holdings—source ↗
Gap—source ↗
First SupplyUnited Statessource ↗
Decathlon—source ↗
DSV / Venlo logistics centreNetherlandssource ↗
Maker-declared deployments

None on file.

Cited customers

These customers have no deployment record that ties them to a specific robot. A year appears only where a source gives one.

NameYearSource
Uniqlo—cited ↗
03

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 —.

Peers in AMR (Warehouse), closest in confirmed capital
CompanyConfirmed capitalNamed customers
MujinUS$442M—
Locus RoboticsUS$450M1
Shenzhen Hairou Innovation TechnologyUS$300M—

Named customers counts only customers tied to a specific robot by a deployment record.

04

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.

CompanyListingRevenue (period)Market value (date)P/SEV/SalesP/E
Symbotic Inc.NASDAQ · SYMUS$2,247M (FY2025, fiscal year ended 27 Sep 2025)US$26,290M (25 Sep 2026)11.7×10.9×n/m
Ocado Group plcLondon 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) · 2590RMB 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 · AUTOUS$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.

05

Products on record

2 shown
#CategoryKey specs
1
SkypodWarehouse AMRPayload 30 kg·Top speed 4 m/s201774.5
2
Next Generation of Skypod SystemWarehouse AMRNot yet on file202554.9
06

RoboScore and what it measures

RoboScore

Robots 65%70Range 5%33Activity72Press100ReadinessNot yet on fileProof 30%82
76.0RoboIndexFocused specialist

RoboIndex 76.0 = RoboScore 71.5 + News 4.5 · Very strong evidence

5 of 6 factors on file. How it's calculated

07

Standing of each robot in its category

Next Generation of Skypod System
Warehouse AMR
#131 of 209
Skypod
Warehouse AMR
#1 of 209

Rank history starts 3 Aug 2026; earlier ranks were not recorded.

08

Investors and their portfolio evidence

Bpifrance
1 of 5 portfolio companies has deployment evidence on record.
83North
1 of 3 portfolio companies has deployment evidence on record.
Breega, Dell Technologies Capital, Goldman Sachs' Growth Equity business and Iris Capital:
each has 1 of 1 portfolio company with deployment evidence on record.
09

Milestones, press and loss record

Milestones

  1. 2025launchexotec.com ↗

    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.

How this record was collected, register by register

10

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.
11

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.

Get this report for another company

Priced on enquiry. Delivered as a PDF, with sources linked.