Drone Delivery Startup Zipline Raises USD 250 Mn Funding

Zipline Inc., a drone delivery startup, announced that it has raised USD 250 Mn in funding to expand its operations in Africa and the US. The funding round was led by Baillie Gifford and supported by returning investors Temasek and Katalyst Ventures and new investors Fidelity, Intercorp, Emerging Capital Partners, and Reinvest Capital.

Zipline creates, produces, and operates drones to deliver critical medical supplies to anybody, anywhere. The startup intends to utilize the fresh capital to build its hubs and warehouses across Africa, notably Nigeria, and expand its presence in the United States, where it ran a pilot operation delivering to two North Carolina health facilities last year.