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Michelin Launches OYA Urban Tree, an Inflatable Canopy, with Scale Up Booster

Michelin announced on Thursday a partnership with Scale Up Booster to structure and accelerate the development of OYA Urban Tree, a smart inflatable shading solution from the Michelin Innovation Lab. Successfully tested in Toulouse, this deployable canopy aims for a market launch by summer 2026 and international rollout by the end of the year.


Michelin Launches OYA Urban Tree, an Inflatable Canopy, with Scale Up Booster

A Prototype Transformed into a Structured Entrepreneurial Project

OYA Urban Tree, derived from the Sombrero prototype developed by the Michelin Innovation Lab teams, is an inflatable structure capable of creating over 260 m² of shade. Tested twice in Toulouse, the solution has proven its operational utility and public appeal. The Clermont-based group has chosen Scale Up Booster to structure this prototype into a distinct entrepreneurial project and accelerate its market entry. The OYA Urban Tree startup, launching in 2026, will bring together a leadership team of entrepreneurs and industrial experts, supported by the founding team of Sombrero on its Advisory Board. This canopy addresses the climatic challenges of urban areas and events heavily exposed to sunlight. Its lightweight and reversible design allows for flexible installation without heavy infrastructure, a useful capability in spaces where traditional solutions (greening, fixed structures) are difficult to implement.

Fundraising Initiated for Industrialization and Deployment

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OYA Urban Tree has begun a fundraising campaign to support its industrialization phases and commercial deployment in France and internationally. With the support of Scale Up Booster and backing from Michelin, the project aims for an initial market presence by 2026, followed by the start of international deployment the same year. The partnership is based on a significant human and financial commitment from Scale Up Booster, aimed at structuring the economic model and scaling up commercially. Olivier Vuichard, Innovation Manager at Michelin, states that 'the Scale Up Booster team has given real entrepreneurial substance' to the prototype, combining 'industrial vision, business structuring, and international strategy'. Albert Szulman and Michel Ktitareff, co-founders of Scale Up Booster, assert that 'OYA meets a current global need: adapting cities and events to intense heat'.



Sector Automobile et mobilité › Équipementiers automobiles


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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 19 175 millions d'euros
  • Quarterly revenue: 19 175 millions d'euros
  • Revenue growth: -0,5 %
Guidance from the release
  • Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
  • Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
  • Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
  • Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
  • Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
  • Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
  • Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
  • Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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