Autonomous drone delivery and logistics company Zipline has secured an additional $200 million in funding to support its expansion efforts. This funding supplements a previous round announced in January and brings the total Series H round to $800 million, valuing the company at $7.6 billion.
Zipline, founded in 2014, has developed a comprehensive drone delivery ecosystem encompassing aircraft, launch and landing systems, and logistics software. Initially operating in Africa by delivering blood in Rwanda, the company has since expanded its services to include the delivery of food, retail items, agriculture supplies, and health products across several countries.
The recent funds will enable Zipline to expand into at least four U.S. states in the coming year, with Houston, Phoenix, and Seattle identified as new markets. The company’s home delivery service, launched in the U.S. last year, has shown significant growth, surpassing delivery volume forecasts in January and February.
Zipline’s CEO highlighted the strong growth driven by increased drone usage frequency and larger order sizes, and the company aims to sustain and accelerate this growth trajectory over the next few months.
Source: TechCrunch