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Bay Area drone startup Zipline has raised $330M at a valuation of $4.2B


Numerous companies globally are currently working on drone projects that are expected to revolutionise air transport. Recently, many of these companies have been making headlines for various reasons.

Zipline, the drone delivery company based in South San Francisco, has now reportedly raised $330 million in a recent funding round, according to Forbes. The Series F funding round values the company at $4.2 billion, a 55% increase from its previous valuation of $2.7 billion two years ago.

The funding was revealed in a Delaware filing on April 10, which showed that the round was priced at $40.20 per share. The filing also mentioned a series F-1 extension of up to $20 million, which could still be rolled into the round, making the total amount raised by Zipline uncertain. The filing did not name a lead investor.

Zipline has confirmed the funding and stated that it involved both new and existing investors. The company said it is “well-capitalized to continue to grow our operations, including launching our new home delivery service.”

Zipline’s past investors include Sequoia, Andreessen Horowitz, Katalyst Ventures, GV, Pactolus Ventures, Emerging Capital Partners, and Reinvent Capital. None of these investors have responded to requests for comment at the time of publication.

Launched Platform 2

The latest funding announcement comes as the company recently launched a new autonomous drone — the Platform 2, that can carry eight pounds of cargo over a range of ten miles. 

The drone, also known as a P2 Zip, can charge on a docking station that resembles a lamppost. The company has partnered with Sweetgreen, Michigan Medicine, and several other health systems to use its services.

Equal logistics for all

Zipline is a logistics company that aims to provide equal logistics systems for all humans. 

The company designs, manufactures, and operates the world’s largest instant logistics and delivery system for businesses, governments, and consumers. 

The technology Zipline uses is complex, and it includes autonomous, electric drones, but the idea behind it is simple: a teleportation service that delivers what you need, when you need it. 

By transitioning to clean, electric, instant logistics, Zipline can decarbonise delivery, decrease road congestion, reduce fossil fuel consumption, air pollution, and provide equitable access for billions of people.

Delivered 5 million product

Currently operating on three continents (North America, Africa, and Asia) and in seven countries, Rwanda, Ghana, the U.S., Nigeria, Japan, Kenya, and Côte D’Ivoire, Zipline has made over 540,000 deliveries to real customers, with a current delivery rate of one every 90 seconds. 

The company has flown 40 million autonomous commercial miles, delivered almost 5 million products, and transported over 8 million vaccine doses.

Zipline has two delivery platforms: the long-range system, Platform 1, and the next-generation home delivery system, Platform 2. 

While drones are what people usually see, they only represent a small percentage of what Zipline does. 

Each delivery requires a complex network of airspace deconfliction tools, inventory management, fulfillment software, warehousing, performance management, cold chain storage, and more. 

Zipline’s instant logistics system is a trusted partner for businesses, governments, and consumers and currently supports the medical, health, and retail sectors.

Zipline works with numerous companies such as Walmart, Pfizer, Toyota Tsusho, Sweetgreen, and NGOs. It also partners with large health systems, national governments, and more to provide its delivery services.

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