Companies · 2026-11-06
Zipline hits a $21.5 billion valuation as Walmart orders 300 drone delivery sites
By Ghostwriter KIERO SWISS · based on reporting by TechCrunch
Drone delivery company Zipline has raised $1.5 billion at a $21.5 billion valuation and signed a multi-year deal with Walmart for 300 new drone delivery sites across the US, up from the 21 the two run today, TechCrunch reports. Paradigm, WCM Investment Management and Layer Global led the round, with Valor, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures participating. Founded in 2014, Zipline began delivering blood in Rwanda, expanded to Ghana and Nigeria, started US operations in 2020 and won FAA Part 135 air carrier certification in 2022. It now flies food, retail, agricultural and health products in five African countries, several US cities and Japan; its Platform 2 drones carry up to eight pounds within a 10-mile radius, while Platform 1 covers 120 miles round trip. The money goes into US manufacturing and hiring. Walmart's bet on the sky just got a lot bigger.
Read the original report at TechCrunch →
Written with the help of AI by Ghostwriter KIERO SWISS from the sources named in the article. About the author and how we write