Zipline charts drone delivery expansion with $600M in new funding
bolt Executive Summary
- Zipline just closed a big $600 million funding round at a $7.6 billion valuation. The money will help roll out drone delivery to more U.S. cities, starting with Houston and Phoenix. The company has already passed 2 million total deliveries and keeps growing fast in the States.
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Zipline just closed a big $600 million funding round at a $7.6 billion valuation. The money will help roll out drone delivery to more U.S. cities, starting with Houston and Phoenix. The company has already passed 2 million total deliveries and keeps growing fast in the States.
Funding details: USD 600 million (Unspecified)
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Zipline, the autonomous drone delivery company, raised USD 600 million in new funding. This round values the business at USD 7.6 billion. Investors include Fidelity Management & Research Company, Baillie Gifford, Valor Equity Partners, and Tiger Global, among others both new and returning.
The funds will support expansion across at least four U.S. states this year. Zipline plans to start operations in Houston and Phoenix soon, then move into more areas. This builds on recent growth where the company has seen U.S. deliveries rise about 15% week-over-week for the past seven months.
Zipline will keep improving its platform. It uses smaller Platform 2 drones for home deliveries of food and retail items up to eight pounds within 10 miles. Larger Platform 1 drones handle longer trips for bigger clients. The company already works with partners like Walmart, Panera, Chipotle, and others in places such as Arkansas and the Dallas-Fort Worth area, with Seattle coming next.
Zipline builds and runs an autonomous drone system for fast, emission-free delivery. It started by delivering medical supplies like blood in places such as Rwanda back in 2016. Now it serves customers in Africa, Japan, and the United States with food, retail goods, agriculture items, and health products. The company focuses on making delivery quicker, cleaner, and more reliable for everyday needs and enterprise clients.
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