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.

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

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