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Zipline raises $250 million in new funding to fuel Africa, US activity

The world’s leading drone delivery specialist, Zipline, has announced a capital infusion of $250 million, which it will use to expand its booming activities in Africa and the US. The investment increases the total funds Zipline has raised to $486 million, and values the instant logistics company at $2.75 billion.

Drone delivery specialist is on one impressive roll

That influx of cash is both a continuation and consequence of the flurry of successes Zipline has revealed this year. The most recent was the company’s agreement with Pfizer to test and develop an end-to-end cold chain distribution service for COVID-19 vaccines. Prior to that Zipline signed an accord with Ghana’s Ministry of Health to expand its medical deliveries to four new distribution centers, covering 90% of the nation’s population in total. It also entered deals with Toyota and Walmart; inked new delivery partnerships with Nigeria’s Kaduna and Cross River states; and launched what it calls the…

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Source: dronedj.com