Participated · Equity · Jun 2021

Zipline builds and operates autonomous fixed-wing drone systems to deliver packages, with a track record of medical supply deliveries in Africa and expanding consumer deliveries in the U.S. Its commercial roster includes partners such as Walmart and more than a dozen restaurant brands including Panera, Chipotle, and Wendy’s. The company operates across four continents and has completed about two million deliveries to date. Financially, Zipline closed an extended $800 million Series H earlier this year and was most recently valued at $7.6 billion. Under its new strategic partnership with Uber, Zipline will integrate with Uber Eats and begin deliveries in existing U.S. markets later this year, aiming to scale rapidly toward a target of one million daily deliveries by 2029. The deal is intended to accelerate mainstream adoption by pairing Zipline’s infrastructure and regulatory approvals in select markets with Uber’s on-demand marketplace.