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Flytrex’s drones ship meals from eating places and grocery shops to backyards. | Credit score: Flytrex
Flytrex raised $40 million in Sequence C funding. In whole, it’s raised $60 million since its founding in 2013. Flytrex delivers meals and groceries to your yard with it supply drones. Its focus is delivering meals to suburban communities.
Based mostly in Tel Aviv, Israel, Flytrex has operated its drone supply service since 2017 in Reykjavik, Iceland. In 2020, it started deliveries in Fayetteville, North Carolina. Since then, the drone firm has expanded to ship in Raeford and Holly Springs, North Carolina. In North Carolina, Flytrex was granted a waiver to function its drones above folks. Flytrex is conducting all flights inside line of sight to take care of excessive security requirements.
Flytrex plans to make use of its funding to additional develop within the U.S., and to advance its partnerships with retailers and quick-service eating places. The corporate says its demand has elevated throughout the COVID-19 pandemic. Since February 2021, Flytrex claims its operations have elevated tenfold.
“On-demand drone supply has skyrocketed because the pandemic started and is changing into far more mainstream, a lot sooner than anticipated,” mentioned Yariv Bash, CEO and co-founder of Flytrex. “We’re excited to proceed working with the FAA, the North Carolina Division of Transportation and others to convey swift, inexpensive and sustainable on-demand drone supply to extra companions, communities and customers throughout the nation.”
For the final two years, Flytrex has been working with the Icelandic Transportation Authority to additional business drone deliveries in Reykjavik. It is usually a part of the Federal Aviation Administration UAS Integration Pilot Program, and labored with the North Carolina Division of Transportation to standardize yard drone supply.
The funding got here primarily from BRM group, in addition to from Our Crowd and Lukasz Gadowski, founder and chairman of Supply Hero. BRM group, an Israeli enterprise capital fund, invested in GigaSpaces Applied sciences, an in-memory computing platform earlier this month.
In earlier rounds of funding, Flytrex acquired funding from Benhamou World Ventures, btov and BackBone Ventures.
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