Drone Delivery Startup Zipline Valued at $21.5 Billion in Latest Funding Round
The round was led by Paradigm and other investors as Zipline's delivery revenue share rose to 34.9%, the company said.
- On Thursday, autonomous drone delivery startup Zipline announced a $1.5 billion funding round, pushing its valuation to $21.5 billion and nearly tripling its worth in about ten months.
- Founded in 2014, Zipline initially operated in Africa, specifically Rwanda, Ghana, and Nigeria, before beginning United States operations in 2020 by ferrying medical equipment to hospitals.
- Zipline delivery revenue share grew to 34.9% between March and October this year, while the company reports 150 million commercial autonomous miles flown without a safety incident.
- Walmart agreed to add 300 drone delivery sites under a new multi-year deal, joining existing partners like Uber; founder and CEO Keller Cliffton acknowledged scaling the network will be challenging.
- Regulatory approvals and community concerns over noise and safety remain barriers to broader adoption as Zipline expands into Arizona, facing competition from Amazon, DoorDash, and Alphabet's Wing.
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Zipline nearly triples its value to $21.5bn as Walmart adds 300 sites
Zipline has raised $1.5bn at a $21.5bn valuation, the drone delivery company announced on Thursday. Paradigm, WCM Investment Management and Layer Global led the round. Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures also invested. On the same day, Walmart agreed to add 300 Zipline drone delivery sites in […] This story continues at The Next Web
Zipline raises $1.5 billion at $21.5 billion valuation to expand drone delivery across the U.S. - Tech Startups
Drone delivery startup Zipline has raised $1.5 billion in fresh funding at a $21.5 billion valuation, nearly tripling its worth in just 10 months as it prepares to bring autonomous delivery to homes across America. The massive investment comes alongside […] The post Zipline raises $1.5 billion at $21.5 billion valuation to expand drone delivery across the U.S. first appeared on Tech Startups.
Drone delivery startup Zipline valued at $21.5 billion in latest ...
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