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Amazon partners with Balyo for self-driving forklifts

Amazon.com Inc. will invest in robotics firm Balyo over the next seven years to use the French company's technology for self-driving forklift trucks, Reuters reported.

According to the terms of the deal between the two companies, Amazon will receive free stock warrants representing up to 29% of Balyo's capital, which it can exercise depending on orders of the company's products, Reuters said.