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.
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'.
Les équipes de Michelin peuvent être fières de leurs performances sur ce premier semestre : notre Groupe enregistre une nette amélioration de la dynamique des ventes.
Le chiffre d'affaires semestriel atteint 12,7 milliards d'euros, en repli de 2,6 % en publié mais en hausse de 0,5 % à taux de change constants, l'effet devise pesant pour -3,1 %. Le résultat opérationnel des secteurs s'élève à 1,45 milliard d'euros (marge de 11,4 % contre 11,1 % au premier semestre 2025), en progression de 103 M€ (+7 %) à périmètre et parités constants. Le cash-flow libre avant M&A ressort à +282 M€ contre -102 M€ un an plus tôt. Par segment : Consommateur 6 926 M€ (marge 12,5 %), Transport 2 813 M€ (marge 5,9 %), Spécialités 2 220 M€ (marge 14,1 %), Polymer Composite Solutions 728 M€ (+14 %, marge 13,6 %). Le ratio d'endettement net s'établit à 26 %.
Risks mentioned
Effet de change particulièrement défavorable, pesant pour -3,1 % sur le chiffre d'affaires
Marchés Première monte encore déprimés, notamment aux Amériques pour le Transport
Marché de la première monte Agricole au plus bas depuis 10 ans
Hausse des coûts industriels et logistiques liée à l'inflation et aux droits de douane
Opportunities identified
Succès des nouvelles gammes MICHELIN Primacy 5 Energy et Pilot Sport 5 Energy
Volumes de la marque MICHELIN en hausse de 5 % au Remplacement
Trois acquisitions structurantes finalisées en Polymer Composite Solutions
Croissance du Mining, de l'Avion et des activités Deux-roues
Transformation du portefeuille vers des marchés moins cycliques et à forte valeur ajoutée
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