Zipline Secures $1.5 Billion Funding for US Drone Manufacturing and Walmart Partnership
- Published
- Source
- ManufacturingDive.com
Zipline has announced a significant funding round of $1.5 billion, coinciding with a multi-year agreement to expand its partnership with Walmart. This deal will introduce 300 new Zipline drone delivery sites, enhancing Walmart's existing drone delivery operations, which have achieved over 2 million deliveries since 2021.
The partnership with Walmart is crucial as it leverages the retailer's extensive network to improve delivery speed and accessibility for customers. Greg Cathey from Walmart emphasized that this collaboration allows them to enhance their service offerings by utilizing Zipline's innovative drone technology, which operates quietly at an altitude of approximately 330 feet.
Zipline's recent funding, which elevates its valuation to $21.5 billion, also includes a partnership with Uber aiming for 1 million drone deliveries daily by 2029. The future of Zipline's drone delivery expansion will be closely monitored as they implement these new delivery sites and partnerships to meet growing demand.
Original report
Zipline raises $1.5B, plans US drone manufacturing expansion
ManufacturingDive.com · Sara SamoraThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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