Exotec Solutions

Based in France, Exotec Solutions develops an automated order picking system named "Skypod" for retailers, which is capable of prioritizing orders for optimum responsiveness by automating the movement of goods from bin storage to workstation. The company’s Astar software uses mathematical models to control their fleet of robots which carry the bins, to ensure continuous activity. The Skypod system can be integrated with the rest of the warehouse logistics chain or used as a stand alone fulfillment system. Some of the company’s customers include Cdiscounts, Carrefour, E-leclerc, Showroomprive, and Gap Inc.

In January 2023, Exotec announced the launch of three solutions; 1) Skypath—a modular conveyor system, 2) Skypicker—an improved picking solution, and 3) Deepsky—a proprietary warehouse software. Skypath, a modular system consisting of straight, curved, and inclined building blocks to fit most types of layouts, can reach a maximum throughput of 2,500 totes per hour. Skypicker uses machine learning-based vision to automatically detect dimensions of items and can place up to 600 items in preparation containers per hour. Deepsky software can be integrated with Exotec’s as well as third party automation equipment, and collects data for improved performance visibility.

Key customers and partnerships

In May 2021, the company announced the progression of its partnership with Advanced Handling Systems (AHL), a provider of material handling and storage systems, to develop an apparel fulfillment process for Ariat International, a manufacturer of apparel, footwear, and belts. AHS will integrate Exotec’s “Skypod” system to optimize Ariat’s omnichannel apparel fulfillment process. Exotec has signed up Comoto Holdings, an omni-channel platform for powersports aftermarket-products, Turn 14 Distribution, an automotive performance warehouse distributor, and Gymshark, British apparel retailer, as customers through AHS. AHS first introduced Exotec Solution products in the US in 2019 and works as the leading provider of Exotec's solution in North America.

Funding and financials

In January 2022, the company raised USD 335 million in Series D funding led by Goldman Sachs bringing the total funding to USD 448 million and valuing the company at USD 2 billion. The funds were expected to be used to hire 500 engineers by 2025 and continue its expansion drive in North America.