Zipline raises $1.5 billion at $21.5 billion valuation to expand Walmart drone deliveries
Autonomous drone delivery startup Zipline has secured $1.5 billion in fresh funding, boosting its valuation to $21.5 billion as it signs a multi-year deal to add 300 delivery sites for Walmart.
Autonomous drone logistics company Zipline has closed $1.5 billion in new funding, pushing its valuation to $21.5 billion. Alongside the capital raise, the company is substantially growing its commercial footprint through an expanded multi-year partnership with retail giant Walmart.[1][2][3]
Under the new agreement, Walmart will introduce 300 drone delivery locations nationwide, scaling up from Zipline's current footprint of 21 active sites. In addition to expanding delivery networks, Zipline intends to ramp up its domestic manufacturing capabilities in the United States, according to reporting by Kelly Cloonan of The Wall Street Journal.[1][3][5][6]
The round marks a rapid valuation increase for the startup, which was valued at $7.85 billion following a $600 million funding round in January, while Bloomberg reported its January valuation at $7.6 billion. Zipline CEO Keller Cliffton remarked that the company's soaring valuation indicates autonomous aerial delivery has reached wider market acceptance.[1][4][5]
Key facts
- Zipline raised $1.5 billion in fresh capital, valuing the drone delivery startup at $21.5 billion.
- Walmart signed a multi-year deal to add 300 Zipline drone delivery locations across the United States.
- Zipline currently operates 21 active drone delivery sites in the U.S.
- The company's valuation was previously pegged at $7.85 billion by The Wall Street Journal and $7.6 billion by Bloomberg following a January funding round.
- Zipline plans to expand its manufacturing operations in the United States.
- CEO Keller Cliffton stated the valuation surge signals broader acceptance of autonomous delivery.
Sources · 5 sources
- TE
TechmemeArticle ·
Autonomous drone delivery startup Zipline raised $1.5B at a $21.5B valuation, up from $7.85B after raising $600M+ in January, and plans to grow US manufacturing (Kelly Cloonan/Wall Street Journal) Kelly Cloonan / Wall Street Journal : Autonomous drone delivery startup Zipline raised $1.5B at a $21.5B valuation, up from $7.85B after raising $600M+ in January, and plans to grow US manufacturing — CEO Keller Cliffton says the company's skyrocketing valuation is a sign that autonomous delivery has finally gained wider acceptance
Open source - BL
Bloomberg@businessPost on X ·
Zipline closed $1.5 billion of fresh funding, valuing the drone delivery and logistics startup at $21.5 billion as it expands a commercial partnership with Walmart https://t.co/atcLxNpg8M
Open source - QU
Quartz@qzPost on X ·
Drone delivery isn't a gimmick anymore — Zipline just raised $1.5B to prove it: Zipline's latest funding round values the drone delivery company at $21.5 billion, and a new deal with Walmart will add 300 delivery sites nationwide. With… dlvr.it/TWCLd2 #DroneDelivery #Zipline https://t.co/6yzO2Ew3gB
Open source - TE
Techmeme@TechmemePost on X ·
Autonomous drone delivery startup Zipline raised $1.5B at a $21.5B valuation, up from $7.85B after raising $600M in January, and plans to grow US manufacturing (@kelly_cloonan / Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
Open source - QU
Quartz@qzPost on X ·
Zipline is expanding Walmart drone delivery after funding that values it at $21.5 billion: Walmart is adding 300 drone sites under a multi-year deal; Zipline was valued at $7.6 billion in January, according to Bloomberg dlvr.it/TWCNys https://t.co/KObaURgqYI
Open source - AG
AGTP@AGTPinsightsPost on X ·
BREAKING: Zipline raises $1.5B at a $21.5B valuation and signs a multi-year Walmart deal to add 300 drone delivery sites across the US, up from 21 active sites today. https://t.co/9kXjIkfziX
Open source