The funding helps Zipline's valuation hit $2.75B. Here are the top-line bullets you need to know.
Zipline, a global instant logistics company, has raised $250M in Series D. The round drew participation from Fidelity Investments, Temasek, Katalyst Ventures, Emerging Capital Partners, and ReInvest Capital, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Zipline is an automated on-demand drone delivery company that supplies essential medical supplies to governments, global brands, and health care systems in rural Africa. It also manufactures unmanned drones and develops logistics software alongside its launch and landing system.
- The company has made more than 150,000 commercial deliveries and completed more than 15,000 emergency deliveries, including 2M vaccine doses.
- Zipline has partnered with companies like Toyota, Pfizer, and Walmart to deliver health and wellness products to Japan, the US, and other countries in which it operates.
WHY DOES THE MARKET MATTER?
- The delivery drone market is expected to reach $5.6B by 2026, growing at a CAGR of 14%, according to Mordor Intelligence.
- Pandemic-induced supply chain disruptions have led to an increased usage of drones to deliver critical medical supplies, goods, and takeaways in remote areas.
- Major players like Google, Amazon, and Deutsche Post DHL Group are developing delivery drones to enter this lucrative market.