Home / Business and Economy / Drone Delivery Giant Zipline Eyes $20B Valuation

Drone Delivery Giant Zipline Eyes $20B Valuation

17 Sep

Summary

Zipline is in talks to raise $1 billion in new funding.
The drone delivery startup's valuation could reach $20 billion.
This potential valuation nearly triples the company's prior worth.

Drone delivery and logistics firm Zipline is reportedly in the advanced stages of securing substantial new funding. Discussions are underway with investors for a round aiming to raise around $1 billion.

This potential capital infusion is poised to significantly elevate Zipline's market standing. The startup's valuation is projected to reach approximately $20 billion upon completion of the funding round. Such a figure represents a nearly threefold increase compared to its previous valuation, highlighting rapid growth and investor confidence in its drone delivery model.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.