Airbound, a drone technology startup, has closed a $1.7 million seed round led by Lightspeed to build “the world’s most efficient delivery drone”.
With its proprietary blended wing body tailsitter design, called TRT, Airbound aims to transform logistics, reducing delivery costs by two orders of magnitude compared to traditional options.
Historically, the drone delivery industry has faced challenges due to regulatory complexity and high per-mile costs, which have prevented drones from becoming the default solution for last-mile logistics. [Read more…] about Airbound secures $1.7 million to make drone delivery economically viable ‘everywhere’