Zipline has announced an extraordinary $1.5 billion raise at a $21.5 billion post-money valuation, 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.
Zipline will use the capital to expand its US manufacturing facilities and ramp hiring as it builds a nationwide drone delivery network. Demand for delivery has never been higher, but ground delivery is constrained by traffic, aging infrastructure, and rising costs. Roads can’t keep up. The future of delivery is in the sky.
Walmart and Zipline are now working together to launch 300 additional sites as part of a new national multi-year agreement with potential to grow further. Uber is targeting one million deliveries a day with Zipline by 2029. Enterprise leaders and small businesses alike are investing in drone delivery to unlock growth. [Read more…] about Zipline raises an unbelievable $1.5 billion to build nationwide drone delivery network