Zipline raises $250 million for expansion

A photo of Zipline’s warehouse
Zipline warehouse

American drone delivery startup company, Zipline Inc, made $250 million from its funding round that involved Fidelity investments, Temasek, and Baillie Gifford.

Zipline stated the demand for its services had surged in countries within Africa and states within the U.S because of its medical supplies delivery to local hospitals.

The COVID-19 pandemic and lockdown prevented the operation of regular delivery, forcing healthcare providers to tilt towards Zipline’s services.

Zipline is currently based in San Francisco, US, but is working towards building warehouses in Nigeria, Africa, and inroads within other states in the U.S.

Zipline currently has a fleet of drones that make deliveries to over 2,500 locations. The company’s goal is to make deliveries to 6,000 locations by the end of 2021.

--

--

--

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why Mainstream Media Overlooks the Gendered Impacts of Deepfake Tech

Why The Biggest Breakthroughs Often Come From The Quiet Geniuses

from Twitter https://twitter.com/envus_motors

Why $3 trillion worth of a company can’t make a simple calculator?!

iPad native calculator

The Keyboard is Mightier Than the Sword

Ola decided to invest £100M in a electric car factory

Ola decided to invest £100M in a electric car factory

Why the Oculus Go matters

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Business Stance

Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

More from Medium

New Year, New Consumer Price Index (CPI), New Directions.

From Edward Snowden to NFT: what actually is Web3?

Compliance as code — token-forge.io

Indexed Is Now On Polygon

Polygon’s Effectively Addresses Major Bug