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Volansi Raises $50 Million to Accelerate Middle-Mile Drone Delivery

Sep 15, 2020•about 5 years ago

Amount Raised

$50 Million

San Francisco

Description

Volansi, Inc., the leader in vertical take-off and landing (VTOL) middle-mile drone delivery services, today announced that it has closed $50 million in a Series B round of funding. Led by Icon Ventures, other participants in this financing include existing investors Lightspeed Venture Partners and YCombinator as well as new investors Harpoon Ventures and Merck Global Health Innovation Fund. In addition to the company's funding, Volansi also announced Joe Horowitz, managing partner of Icon, and Barry Eggers, founding partner of Lightspeed, will join its Board of Directors.

Company Information

Company

Volansi

Location

San Francisco, California, United States

About

Volansi provides fast, on-demand aerial delivery services for time-critical shipments over long ranges. We build and operate long-range, heavy-payload drones for commercial, defense, and humanitarian applications. Leveraging drone technology as a transportation method, we help our customers gain control of their supply chain by delivering critical equipment (and aid) where it otherwise faced unpredictable delays– helping to save time, money, and lives. To learn more, visit volansi.com or follow us on Twitter (twitter.com/volans_i).  

Funding Insights

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