Zipline has raised USD 1.5 billion in funding to expand its U.S. manufacturing facilities and its workforce as it builds a nationwide drone delivery network.
The funding round was led by Paradigm, WCM Investment Management and Layer Global with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures.
Walmart and Zipline are currently working together to launch 300 additional sites as part of a new national multi-year agreement. Meanwhile, Uber is targeting one million deliveries a day with Zipline by 2029.
Zipline says more than one million drone deliveries were made within the Dallas-Fort Worth metroplex alone this year. The company recently rolled out an acoustics upgrade designed to make drone flights quieter, faster and more energy efficient. It has also introduced its latest aircraft, designed to fly higher and quieter while carrying heavier orders over longer distances.
For more information