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Meridiam, a B Corp certified company and asset manager based in Paris, has made an investment of EUR 5 million in the French company Blyyd through its Green Impact Growth Fund (GIGF). This funding is intended to support the next development phase of the Lyon-based company, which specializes in the construction and industrialization of fully electric yard tractors. These tractors are used in logistics and industrial facilities to manage trailer movements and optimize operations on the yards.
Blyyd was founded in 2015 by Damien Gambey and has developed an integrated solution for the electrification of yard operations. This solution includes vehicle design, deployment, and maintenance, primarily targeting high-intensity logistics platforms operated by large retailers, logistics providers, and industrial companies. Blyyd’s tractors are designed for the demanding conditions of logistics yards, where vehicles are in continuous operation and space is limited. They combine an electric design, interchangeable batteries, and intelligent monitoring tools that enable higher safety, continuous operations, and optimized fleet management.
Growth and challenges in logistics
With the expansion and intensification of supply chains, yard operations represent a significant portion of the emissions-related costs and emissions in the logistics sector. Therefore, they are a crucial lever for decarbonization. Electrification solutions tailored to these environments are necessary to align operational performance with emissions reduction goals and climate targets. The complexity of yard operations is increasing due to the growth of distribution centers, rising throughput demands, and increasing regulatory pressure for decarbonization. Nevertheless, electrification in these areas requires solutions that adhere to strict operational uptime and can adapt to local operational conditions.
Blyyd already has 160 tractors in operation at 100 locations and maintains close relationships with leading customers. The company is expanding in Europe through a growing network of sales and service partners. The current investment will primarily support the industrial ramp-up phase of the new generation of yard tractors and contribute to the commercial expansion as well as accelerate Blyyd’s international expansion in Europe. Meridiam will support Blyyd’s development by leveraging its European network in infrastructure, logistics, and mobility to foster partnerships along the battery value chain and facilitate access to logistics platforms.
Eric Rey and Julien Renaud from Meridiam GIGF commented on the investment:
“We are particularly pleased to support Blyyd, a leading innovative French provider of 100% electric yard tractors, in this new development phase. The company has established a strong position in a specialized but rapidly growing segment of logistics electrification, with a differentiated solution tailored to the operational requirements of large logistics platforms. We look forward to working with Blyyd’s management team to accelerate growth momentum and leverage the value of strategic synergies.”
Damien Gambey, CEO and founder of Blyyd, added:
“We are excited to welcome Meridiam as a strategic partner. In addition to their experience in scaling growth companies and e-mobility platforms, Meridiam brings a global perspective on transport and logistics infrastructure that will be crucial as we industrialize our new generation of tractors and accelerate our international expansion. This partnership will enable us to grow faster and leverage strong industrial and commercial synergies across the logistics and mobility ecosystem while continuing to provide powerful, low-emission solutions for our customers.”
