Lyon-based Blyyd has raised €5 million from investment firm Meridiam to industrialise its next generation of electric yard tractors and push further into European markets. The deal gives the manufacturer fresh capital at a moment when logistics operators are under pressure to cut yard emissions without sacrificing throughput.
Strategic Rationale
Founder and chief executive Damien Gambey framed Meridiam as more than a cheque. The investor brings experience backing growth-stage companies and electric mobility ventures, alongside a broad view of transport and logistics infrastructure. That mix, he said, should help Blyyd industrialise its newer vehicles and move faster abroad, drawing on industrial and commercial synergies while keeping low-emission performance at the centre of the offer.
Operational Track Record
Blyyd’s yard tractor, built for shunting road trailers, is already in service. More than 160 units run across over 100 logistics sites, with a client list that includes Carrefour, Leroy Merlin, Geodis and Kuehne+Nagel. The company’s earlier route to market ran through an exclusive distribution arrangement under the ATM by Gaussin badge. That deal was terminated when the Gaussin group entered liquidation late in 2024, leaving Blyyd to build its own commercial path.
Market Context
Meridiam invests in the company through its Green Impact Growth Fund, which already holds stakes in industrial and service businesses tied to the energy and ecological transition, among them the peer-to-peer delivery platform Shopopop. For Blyyd, the backing lands as warehouse and distribution operators look harder at electrifying yard fleets, a segment that has lagged behind on-road trucking in the shift away from diesel. Whether the funding is enough to scale production at the pace European demand now implies is the test ahead.
